AUDJPY-Triangle break may be bullish or bearish but, TP is 87
1. Making a triangle formation...it could be a bearish or bullish but target remains for a positional
view remains same above 87$ .
2. Currently we are in wave b) as a triangle and will shoot for "C" above 87 $ to complete Z) wave
or will break as a bearish to make a wave X) as a connecting wave and Z) as a bullish.
3. If it break 82.25 that will consider as a expanded flat if not that is running flat for wave X) if the
triangle breaks to the downside.
4. Conclusion is, if it comes to 83 and below watch the formation in short time frame and at the end of 5th wave you can go for buy with strict STOP nearly 50 pips from the entry.
DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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