AUDJPY Is Heading Lower In Five Wave
Hi Traders,
AUDJPY just completed a 5-3 wave cycle and the price has the potential to head lower in five-wave to complete the sequence.
Wave A is a leading diagonal followed by a double ZigZag corrective pattern in wave B. According to EW theory, the market resumes in the direction of the five-wave sequence once a correction is completed.
Price also retests the resistance level four times, you're just a profit away!
What's your view on AUDJPY? Let me know in the comment.
Thanks for reading!
AUDJPY just completed a 5-3 wave cycle and the price has the potential to head lower in five-wave to complete the sequence.
Wave A is a leading diagonal followed by a double ZigZag corrective pattern in wave B. According to EW theory, the market resumes in the direction of the five-wave sequence once a correction is completed.
Price also retests the resistance level four times, you're just a profit away!
What's your view on AUDJPY? Let me know in the comment.
Thanks for reading!
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