nikitafx

AUD/JPY bearish Flag breakdown C wave (Nikita FX )

FX:AUDJPY   Australian Dollar / Japanese Yen
65 0 0
AUD/JPY             is hitting now at the Green Channel bottom which is a bearish Flag .
102.83 ('14.11/21 ) was the top of B-e which was heading for wave C. Since then,
first C-5-1 which had 5 waves-structure looks like being completed.

Ideally AUD/JPY             will be heading for much lower region (at Alt. C-5-3: 85.70 ), however
wave C-1 thru C-5 (102.83--94.25) is a Fractal wave of A ( 105.43--86.40 ) to me. Which means
Alt. C-5-2 is going to be as same ABCDE upward consolidation as B-a thru B-e.
Therefore C-5-2 might be able to reach 101.66.

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