AUDJPY NEARING COMPLETING A MASSIVE WXY STRUCTURE: FALL EXPECTED
The 86.5 handle is where I will be looking for a major reversal on the AJ due to the numerous reasons listed on the chart. This could be the start of a huge 3 wave down or maybe just an x wave to connect a Z wave up. Either way this pair will fall significantly thus giving traders an opportunity to take advantage of the expected movement. Use your own strategy for entry and exits.
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Disclaimer
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.