My forecast is more upside for a complete regular flat before the next downward impulse. That's why I want to take a long trade and hedge it around 0.618. If my weekly forecast is accurate, the next wave should be a quite big downward impulse for a few thousand pips. To take a long trade, I need a correction over the yellow trendline. Then I'll place a pending order over the last top with SL under the trendline.
AUDJPYElliott Wavehedginglongtradeshort-termWave Analysis

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