AUDJPY more downside possible?

12 juin 2020

Hi everyone:

MY previous forecast on AUDJPY worked out in my favor, as the price formed a nice continuation flag and we see a strong bearish move to the downside.

Since price broke down very impulsively, I will lock in some profit and see what price will do this point forward.

I am still expecting a correction to form here and more downside potential once the correction is finished.

Thank you

12 juin 2020

Note

15 juin 2020

Note

Wait for larger correction to complete.

16 juin 2020

Note

16 juin 2020

Note

18 juin 2020

Note

Price hits the bottom of the correction, I will look to lock in profit and see if price will break below and form smaller correction and I will look to hold on til the igher time frame structure.