1) 📌 Chart & context
AUDJPY looks like it completed a 5-wave decline from ~110.83 down to ~107.70 (wave V). After a 5-wave move, I usually expect a 3-wave corrective bounce (ABC) before the next bearish leg.
2) 🌀 What phase are we in?
Current price action looks like an ongoing upward correction. I’m not interested in shorting the low, I want the bounce to finish, then look for shorts.
3) 📐 Correction zones I’m watching (Fib confluence)
From the decline, key retracement levels line up as a clean “sell zone”:
• Primary zone: 108.89 (price already touched it - but I suggest that correction is going)
• Extended zone (if correction stretches): 109.26 – 109.64 (50% → 61.8%)
4) ✅ Trading plan
Wait finished correction, and consider short positions.
5) 🎯 Targets
• Target 1: 106.15
• Target 2: 104.22
6) ❌ Invalidation / stop logic
• Practical approach: place the stop above the correction high (whichever zone tops out).
• If price breaks and holds above the extended zone, the bearish continuation idea becomes weaker.
✅ Trade safe. ✅
AUDJPY looks like it completed a 5-wave decline from ~110.83 down to ~107.70 (wave V). After a 5-wave move, I usually expect a 3-wave corrective bounce (ABC) before the next bearish leg.
2) 🌀 What phase are we in?
Current price action looks like an ongoing upward correction. I’m not interested in shorting the low, I want the bounce to finish, then look for shorts.
3) 📐 Correction zones I’m watching (Fib confluence)
From the decline, key retracement levels line up as a clean “sell zone”:
• Primary zone: 108.89 (price already touched it - but I suggest that correction is going)
• Extended zone (if correction stretches): 109.26 – 109.64 (50% → 61.8%)
4) ✅ Trading plan
Wait finished correction, and consider short positions.
5) 🎯 Targets
• Target 1: 106.15
• Target 2: 104.22
6) ❌ Invalidation / stop logic
• Practical approach: place the stop above the correction high (whichever zone tops out).
• If price breaks and holds above the extended zone, the bearish continuation idea becomes weaker.
✅ Trade safe. ✅
Trade ist aktiv
Price looks like it has completed the correction around the 38.2% Fibonacci level. I’m expecting a brief bounce, then continuation to the downside.
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📊Want more market insights & ready-made setups?
→ Join our free Telegram: t.me/patternsoncapital_public
→ Join our free Telegram: t.me/patternsoncapital_public
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.