AUDJPY has the potential for a great long as it lines up to complete the cypher pattern.
1. Anchor leg has been identified: X to A
2. A to B leg has crossed the .382 and closed above the .618 fib
3. B to C leg crossed the 1.272 and closes below the 1.414
4. In the fourth phase, we'll be looking for price to drop into the .786 fib and enter with longs from there.
I'll update with targets if price drops to the .786 giving us the signal to long.
1. Anchor leg has been identified: X to A
2. A to B leg has crossed the .382 and closed above the .618 fib
3. B to C leg crossed the 1.272 and closes below the 1.414
4. In the fourth phase, we'll be looking for price to drop into the .786 fib and enter with longs from there.
I'll update with targets if price drops to the .786 giving us the signal to long.