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TimStuyts
Jun 16, 2016 11:46 AM

AUDJPY more downside, THEN major reversal Short

Australian Dollar/Japanese YenFXCM

Description

AUDJPY is comparable to EURJPY and USDJPY for that matter. However short term we have to deal with strong bearish movements that will present sell opportunities on lower time frames after a consolidation. The wave count is indicative (orange) but for now this is my preferred scenario. Updates will follow for trade set-ups on lower time frames.

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Comment

Short term trade opportunity
Comments
fOREXeCHO
Very clear wave counting, like it.
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