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!
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Still valid. I think it's a good oportunity to sell now. Look at 1 hour TF.
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Hello everyone. 3rd wave down :)
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Hello. Expect a retracement here: we have a divergence in 4H.