AUD/JPY analysis
Currently downtrend.
My analysis says that currently we are in a bigger Wave 2 of a much bigger Wave 3 on the downside.
(It may sound confusing, I hope the chart may help though)
Longer term, I see an uptrend. But for now, it will go down.
If the price goes below the beginning of Wave 1, a recount will be needed. Until then, the rules and guidelines are respected
My analysis says that currently we are in a bigger Wave 2 of a much bigger Wave 3 on the downside.
(It may sound confusing, I hope the chart may help though)
Longer term, I see an uptrend. But for now, it will go down.
If the price goes below the beginning of Wave 1, a recount will be needed. Until then, the rules and guidelines are respected
I hope this was helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
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