Selling AUDJPY as a result of the Running Flat observed
Sharing my thoughts and observations on AUDJPY: I consider that the Running Flat structure observed in ADJPY has broken already the price channel (B-C), targeting the beggining of Wave C. Seeing 0-A and A-B as 3-wave structures, while B-C is a 5-wave structure makes me think that this is a Running Flat confirmed. SL has been set at the swing high in "C". Other confirmations are "C" reaching a Fibo Extension between 61.8 and 78.6 of 0-A-B and the fact that B-C retraced back to Fibo 61.8 of 0-A. I also see divergences between A-C highs and the RSI, Stoch (overbought) and MACD. RR: 3,33.
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