AUDJPY has just completed a triangle correction with wave e = 0.618c and c = 0.618a. I am expecting this pair to go to 1.618 of wave 1 with a stop loss at the top of wave c of the triangle.
A good entry will be to wait for the triangle breakout and trade the retest of it.
Still not clear as to whats happening right now but my biased view is one more push to the bottom to reach the 61.8 fib level and bounce back up as a swing buy. Will appreciate your comment or view on this one