Wave5
AUDUSD ForecastFurther upside can be expected from USDCAD but we should wait for a minor correction before considering the long direction as of yet. We can expect a classic A-B-C Zig-Zag correction.
The impulse pattern lasted longer than expected, with an extended wave 3 projected to about 2.618 Fibonacci levels.
TIPCO Completed Rounded Bottom Wave 4 Towards Wave 5 CompletionAccumulation which started since 2021 is come to completion with the completed rounded bottom. Market is trading above the Year Open and have been consistently edging higher on a series of Higher Lows weekly candles. Bullish above 9.50 towards 11.5 (4 years High), breaking which will open further rise to 12.4/5.
A daily/weekly close below 9.30 will invalidate the bullish idea.
USDJPY Bullish Trend ContinuesPrice is trading in a bullish direction as an impulse move, the 1-2-3-4-5 sequence is close to completing we just have to wait for the wave 5 make a new high. The are scenarios where wave five fails to make new high this scenario is called Truncation. The waves 1 and 4 are not overlapped making this a valid impulse pattern the wave 4 is completed and we seeing price make the wave 5 first leg we will continue moving in the bullish direction.






















