AUDJPY: Look for more upside once correction is completed.
Trade will invalidate upon break of Subminuette Wave iv.
(Detailed H1 Chart)
Trade will invalidate upon break of Subminuette Wave iv.
(Detailed H1 Chart)
Comment:
Likely continuation of upside.
Comment:
Prices have continued to retrace its previous upswing.
Micro Wave 2 is not completed but is very near its final retracement low.
Look for a momentum divergence of the MACD and RSI as it is forming a bottom.
Critical support still remains unchanged.
Micro Wave 2 is not completed but is very near its final retracement low.
Look for a momentum divergence of the MACD and RSI as it is forming a bottom.
Critical support still remains unchanged.
Trade closed: stop reached