Super cycle on weekly is complete.
Currently in correction phase of the whole impulse wave down.
1st correction wave is also complete with 3 impulses. Potential for ZigZag correction.
Second wave of the correction will be complete at point C. From that point another 5 wave impulse should begin which would correct the entire wave from the super cycle.
All details on the chart. I have no targets only a wide stop loss. Will watch for price action. Building position around round numbers. Volume also Picked up on the second day of the Bullish engulfing pattern.
Bullish Divergence with the Stochastic is forming on the AUDUSD. Support level is 0.78300. Buy on a valid confirmation. I would like to see atleast one bullish candle closing above the high of the current candle to take long on this.
Cypher pattern is forming on USDJPY. The ratio for the second half is not perfect. But it was NFP day. Not much move. Pattern might complete later with perfect ratios.
For now, Its at a potential reversal zone (PRZ) and my target is 110.00