AUDJPY Wave Count: Upcoming Rally Toward Bat Completion

Hey traders! AUDJPY has moved sideways since the last update, and the wave count has been updated to a combination correction from an ABC simple zig-zag. I like a short from bat completion levels toward the completion of the 3-wave ((e)) at the completion of the final leg of the triangle. If the triangle completes, I will be looking for an aggressive long position toward trendline resistance. Updates to come as the tide rolls, happy trading

Trade ist aktiv:

Good morning traders! This one is active. Also, We have a nice resistance pin over which I've moved stop loss. Down to 3.1p risk. Cheers

Kommentar:

Hey traders, setting SL to breakeven on this one. I'm not comfortable enough with the price action to add nor take profit. Therefor, I will eliminate risk. Cheers