AUDJPY: Will AUDJPY Confirm Its Bull Run?

١ فبراير ٢٠٢٢

AUDJPY is forming a contracting triangle.

Price had completed the (D) wave, and I have given the short-term selling targets of wave (E) of wave ((4)).

In my previous article, I have mentioned that "Wave (E) can complete between 0.618 to 0.786% Fibonacci levels.
That's why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave (E)".
Price has reached all targets of wave (E).

Click Here to read the previous article:

The ending point of wave (E) is the starting point of an impulsive cycle.
Due to bearish sentiments, the price may touch the A-C trendline and start the bullish move.

Safe traders can enter after price make an excess on the lower band of the channel.
They can expect the following targets 82.565 - 83.850 - 84.185+.
Invalidation: Breakdown of the A-C trendline.

٩ فبراير ٢٠٢٢

ملاحظة

Price has reached the first target of 82.565.

٢٣ فبراير ٢٠٢٢

ملاحظة

Price has reached the first target of 83.850.

٤ مارس ٢٠٢٢

ملاحظة

Price has reached the last target of 84.185.

١٧ مايو ٢٠٢٢

ملاحظة

Price is facing resistance at the upper band of the parallel channel.