The AUD/JPY pair is indicating a potential short opportunity based on the latest Elliott Wave analysis. 📊 The wave count suggests that the pair has completed a five-wave uptrend and is now entering a corrective phase. The chart identifies key levels around 95.924, aligning with the 1.618 Fibonacci extension, as potential targets for this decline.
This setup presents a clear opportunity for traders to capitalize on the anticipated downward momentum. With the wave structure signaling a correction, now might be the ideal time to consider a short position.
Whether you're experienced or refining your trading strategy, this analysis provides you with valuable insights to make informed decisions. Let’s navigate this potential market movement together and aim for gains from this short opportunity!
This setup presents a clear opportunity for traders to capitalize on the anticipated downward momentum. With the wave structure signaling a correction, now might be the ideal time to consider a short position.
Whether you're experienced or refining your trading strategy, this analysis provides you with valuable insights to make informed decisions. Let’s navigate this potential market movement together and aim for gains from this short opportunity!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.