After AUDJPY broke out of its bull run, it started to create a bigger correction on the daily timeframe. Price can be broken down into 2 phases; Impulse & Corrections.
Looks like price could move up once more to fulfil the 5 wave reversal pattern before we move down. We are also short on EURAUD for the short term due to AUD strength so we can correlate that chart with this.
Goodluck and trade safe!
Looks like price could move up once more to fulfil the 5 wave reversal pattern before we move down. We are also short on EURAUD for the short term due to AUD strength so we can correlate that chart with this.
Goodluck and trade safe!
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