Still looking for one more high in #AUDJPY

I believe we will see a new high toward 80.5 in the #AUDJPY before lower. There is a rising wedge forming that could b C of an ABC up as labeled or the entire move could be a C wave of a larger ABC. Eirther wat I am looking lower after the move up to 80.500 - 81.00.

Plenty of support on the RSI 40 and 70 is acting as resistance as price moves lower after hitting it. I am expecting it to hold again with some divergence as the pair makes new highs.

Bình luận:

We got the new high and now price has broken the trendline on a gap down and now trying to fill the gap and retest the trendline.

Would like to see price close below the 79.00 support and the RSI to move below 40.00.