AUDJPY | The best scenario for climbing📝
Hello traders , AUDJPY in daily timeframe , In this symbol, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5.
As we said in the previous analysis, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally.
But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable.
Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this is the recent ascent for Wave 5 from Wave 5.
This wave is a weak wave based on the previous waves and it may not be able to move more than Fibo 0.618 and if this Fibo is broken, the ascent to Fibo 1.00 will be confirmed.
If the bottom of the canal, the red circle, is broken downwards, there is no hope of continuing the upward movement.
If the downward warning signal is broken, the wave count will enter a new phase and will be a confirmation for the start of wave b.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
As we said in the previous analysis, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally.
But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable.
Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this is the recent ascent for Wave 5 from Wave 5.
This wave is a weak wave based on the previous waves and it may not be able to move more than Fibo 0.618 and if this Fibo is broken, the ascent to Fibo 1.00 will be confirmed.
If the bottom of the canal, the red circle, is broken downwards, there is no hope of continuing the upward movement.
If the downward warning signal is broken, the wave count will enter a new phase and will be a confirmation for the start of wave b.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
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