AUDJPY Waiting For The Next Impulsive Wave Down

Price is in a corrective structure better seen at the lower timeframes after that big impulsive drop. It may take a while but if price reaches the key level a i have drawn in the chart we should start watching for a sell setup to catch the next impulsive wave to the down.

On the way to that level we might have buy opportunities in this correction. I will update if i identify any setup

Comment:

Price has entered the sell zone. Watch for a sell setup to complete