According to Wave/time theory's, we are reaching the end of the Long cycle,
The zone marked in the Chart shows the possible starting Bearish Cycle.
Above this Zone, the USD enters the New Bullish cycle.
Each round contains three cycles of waves. We are looking for a correlation between Wave one in Round Two compare with behavior of Wave One in the first cycle of Round One.
Im expect that AUD go lower till the place marked for reveres to bullish or continuation of bearish.
Example of how to combine Ichimoku Wave with Japanese patterns.
The best practice is to calculate waves or J-Patterns in a Daily chart (It Can Be Done in 4H)
find the targets in the Daily or 4H chart for Long Term Trades
Use a lower time Frame for Swing or Scalp Trading
Remember that after a series of J-Patterns, the P & Y will appear...
V = B+(B-C)
Each leg looks like i,
V pattern appears after sharp bullish or bearish moves without swing.
The second leg should not create a low below the low of the first leg.
N = C+(B-A)
The most popular and most used between Japanese patterns.
No Risk: C should not come below 50% of the distance between A & B
SL: Below 50%...
A set of equations
can be used to create waves that can be applied to every high and low or trend cycle. Combining these waves with Japanese Patterns can help to create more accurate TP and exit points.
Some tips for better results include using the nearest Japanese/Japsian number if the numbers are shy of the main Japanese Number.