Hello everyone.
This is my wave count on AUDJPY. We can clearly see that we're on a big downtrend channel, which is currently on the fifth wave, so it gives us a lot of margin to fall down even more.
This idea is supported by the fact that that wave it's currently on its third wave. I think it will behave like shown on the chart.
Merry christmas to everyone, and good luck!
This is my wave count on AUDJPY. We can clearly see that we're on a big downtrend channel, which is currently on the fifth wave, so it gives us a lot of margin to fall down even more.
This idea is supported by the fact that that wave it's currently on its third wave. I think it will behave like shown on the chart.
Merry christmas to everyone, and good luck!
Note
Still valid. I think it's a good oportunity to sell now. Look at 1 hour TF.Note
Hello everyone. 3rd wave down :)Note
Hello. Expect a retracement here: we have a divergence in 4H.
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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.