FUNTRADER-Vera
Long

2811 P2/8 AUDJPY 5th wave up for 380 pips

FX:AUDJPY   Australian Dollar / Japanese Yen
1. Bullish signals on daily chart
2. 5th impulse wave inside the uptrend channel
3. Maxmium could rally up for 380 pips for its 5th wave

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Good analysis thanks. However there is a competing channel you can see on the 1w. I marked your target in yellow. I would favor a smaller target. What do you think? What is your opinion how significant is the 1W channel?


And here it is on the 1D.
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@DocWonmug, I would not agree the way you draw channel. Thank you for your charts.
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DocWonmug FUNTRADER-Vera
@FUNTRADER-Vera, Thank you for the feedback. Can you explain how I should draw them in this case? I am trying to learn a better way.
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Yes yes I was lonely
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