I am looking to go long on Audjpy. On the 4hour the trend is positive, If we look at the EW , wave 3 of the smaller cycle is completed so a small retracement is expected which will be wave 4. I am looking to buy once wave 4 is complete, please note that the expected wave 4 is rested on a very strong support so to me this will be a good area to start looking for longs.