This is a bearish Flag scenario of AUD/JPY. Since 105.42, it completed its bearish Flag (or B-abcde correction ) at 102.83. If A=C, wave C will be at 83.80 which is between Fib.61.8% & 2/3 (66.666%) retracement of 5-wave uptrend move (72.04--105.42).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.