AUD/JPY After IMPULSE comes CORRECTION

٢٣ أغسطس ٢٠٢١

After impulse comes correction. By using the Fibonacci retracement we can expect to see a bullish run to the golden ratio(0.618) or to the bearish trendline as drawn by me if today's candle closes in a green candle but also keep in mind to apply a stop loss before taking a trade and be alert on the upcoming news relating to this currency pair if news comes unfavorable then we should not FOMO(Fear of missing out) to close this trade.

Also, do your own research
Happy trading!