AUDJPY Long till 61.8 Bigger WXY?

21 thg 1, 2018

As part of this longer consolidation there is a more complex WXY pattern to play out to 61,8Fib level which means we are now sonsolidating for the final move to 61.8 on daily TF. This ties perfectly with 1.0 ext of the W wave and the 61.6 retrace level of the larger time frame down move. White box looks like the sweet spot? Any pullbacks long till 61.8 level then we look for shorts. Not sure if this will be due to AUD strength or JPY weakness?