GBPJPY looking like a buy waiting to happen. we have just created a flat formation on the bigger timeframe. or it could drop further for a extended 5th wave making it a zigzag .
Looking for bulltrend entries on the turn of the C wave.
Take it with a grain of salt and always have proper risk management.
AUDUSD still in a correctional wave. We are expecting a downmove to the support levels marked and a possible retest of the major lows. notes are on the chart that explains the analysis in deeper detail of expectations.
If we continue upwards, return back to the levels above current price and Break the "C" level. then that high becomes the new C then only do we...
AUDUSD in a awkward spot at the moment. There is still space for upside but it is quite limited with this current structure.
We could see one more up before making the downturn to the channel support. Unless we break and close below the top if Wave "I" this is still a buy in my view.
Take it with a grain of salt and have proper risk management in place.
