Sunday, April 30, 2017

#AUDJPY 4 HR Elliott Wave Update

#AUDJPY 4 HR Elliott Wave Update

Trade Thoughts:  Long against 81.48

Target: 87.00





The AUDJPY looks to have finished the a wave down and working on the b wave up toward the 87.00 area.  There is resistance in the 85.84 area but I think price will push past that briefly to fill in the open area shown on the chart.

Although I have the circle B marked as complete a gap fill is not out of the question.  The marked low could be the a leg with b up in progress and a c leg down would fill the gap.

AUDJPY 4 HR Elliott Wave Chart

AUDJPY 4 HR Elliott Wave Chart
AUDJPY 4 HR Elliott Wave Chart