AUDJPY is forming a leading diagonal. The overall structure is 3-3-3-3-3 with all three's being ABC corrections.
When the count is valid, we are in the final wave C and one more push to the upside should take place.
Last week i tought the high might be in, but we did not get an impulsive break to the downside and the market closed above the weekly top.
I will watch this pair closely and wait for the first impulse on lower timeframe to confirm the setup.
When the count is valid, we are in the final wave C and one more push to the upside should take place.
Last week i tought the high might be in, but we did not get an impulsive break to the downside and the market closed above the weekly top.
I will watch this pair closely and wait for the first impulse on lower timeframe to confirm the setup.