AUDJPY-Triangle break may be bullish or bearish but, TP is 87

Verified Person
· View 384

#OPINIONLEADER# #PriceAction# #howtomasterforextrading# #ForexTradingStrategies# #ForexForecast# #AUD/JPY# #forexmarket#

AUDJPY-Triangle break may be bullish or bearish but, TP is 87


1. Making a triangle 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

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

If you like, reward to support.


Short, Stop loss@84.75