AUDJPY - Growing SHORTS! Big Move Ahead!

1 600
In one of our last AUDJPY analysis, we indicated that price looked foppish. Since then, we've had almost a 2000pip drop!
That big drop can be marked as wave 1 in our new bearish impulsive trend.

We are now in Wave 2, which is an ABC correction. We have completed Wave A (3 waves). We are now in Wave B (3 waves). We're currently in subwave b of wave B. Expecting subwave c to appear very soon.

Trade Idea:
- Watch for bearish price action on lower timeframe
- You can use trendline break, fibs or BOS to find the reversal point
- When entered, put stops above subwave B.
- Target: 91 (750pips)


4Week Chart
anlık görüntü


Goodluck and as always, trade safe!

See our previous setups below:

VIP - AUDJPY - SHORT


AUDJPY - Looking Toppish! BIG Drop Inbound!
İşlem kapandı: hedefe ulaştı
+650pips

Feragatname

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