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Waiting for corrective move on AUDJPY

by Roque Augusto H, February 23, 2021

AUD/JPY H4 Elliott Wave count & Volume Profile

by roquears February 23, 2021

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AUD/JPY

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Short

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H4

Timeframe:

H4

Analysis Method:

Elliott Wave count & Volume Profile

Analysis:

Possible cycle completed in this time frame, The price is currently in the accumulation-distribution zone, a further high could happen.

Trade Plan:

Waiting for a correction at least up to the 80.30-80.00 price zone. Swing position

Risk Management:

Market entry with conservative position and wait for confirmation. Ratio 1 : 7.

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