Hello, how are Traders? Thank you for visiting my Analysis today, one of the currencies we analyzed will be the one of AUDJPY where we observe a setback of the
Finding support which we expect a consolidation accepting said line to continue to rise.
Remember that we are in Corrections for which we apply the methods as
Harmonics and Wolfe Wave
In this currency, as we can see the behavior of the market, wave 3 has been completed, so the price has progressed in performing wave 4, which this wave has been and carried out by the harmonics method, because B does not pass to X the pattern is respected which waits for D to reach a point of failure which the price will oscillate between 1.50500
The EURJPY market has been found very consolidated which has been sending us false signals which indicate that the price is being pressed by both sides Bulls & Bears. We analyze the market and we indicate that the price will go back to the consolidation zone.
As we have been witnessing the EURCAD currency market.
The Bears have been dominating the market which has been leading it in the EWT momentum zone.
Therefore for these setbacks that the market has been doing. We still do not find a consolidated area.