AUDJPY- Look for this move next
Price reached 1.618 fib level, which tells me that Wave 3 should be over, check chart, price should move up now then drop back down one more time, hopefully to the 72.00 level. This is where I will close the remainder of my shorts. On a larger time frame we may be in Wave 4 heading towards starting Wave see, see prior large time frame idea for that info.
Related publications
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.