Hello everyone.
This is my wave count on AUDJPY. We can clearly see that we're on a big downtrend channel, which is currently on the fifth wave, so it gives us a lot of margin to fall down even more.
This idea is supported by the fact that that wave it's currently on its third wave. I think it will behave like shown on the chart.
Merry christmas to everyone, and good luck!
This is my wave count on AUDJPY. We can clearly see that we're on a big downtrend channel, which is currently on the fifth wave, so it gives us a lot of margin to fall down even more.
This idea is supported by the fact that that wave it's currently on its third wave. I think it will behave like shown on the chart.
Merry christmas to everyone, and good luck!
Comment:
Still valid. I think it's a good oportunity to sell now. Look at 1 hour TF.
Comment:
Hello everyone. 3rd wave down :)
Comment:
Hello. Expect a retracement here: we have a divergence in 4H.