As our members know we’ve got had many beneficial buying and selling setups not too long ago. On this technical article, we’re going to speak about one other Elliott Wave buying and selling setup we received in AUDJPY. The pair has accomplished its correction precisely on the Equal Legs zone, also called the Blue Field Space. On this article, we’ll break down the Elliott Wave forecast, clarify the buying and selling setup intimately, and supply the upside goal.
AUDJPY Elliott Wave 1 Hour Chart 12.15.2025
AUDJPY is forming a 3 waves pullback towards the 101.521 low. The worth construction appears to be like incomplete in the intervening time. We consider the correction remains to be in progress and count on one other leg decrease towards the 102.824-102.072 space , the place we want to re-enter as patrons. We advocate that members keep away from promoting AUDJPY. The pair is predicted to make at the least a three-wave bounce from the Blue Field space. As soon as the worth reaches the 50% Fibonacci retracement towards the black (X) connector, we’ll make the place risk-free by shifting the cease loss to breakeven and reserving partial earnings.
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Official buying and selling technique on Tips on how to commerce 3, 7, or 11 swing and equal leg is defined in particulars in Instructional Video, accessible for members viewing contained in the membership space.
AUDJPY Elliott Wave 1 Hour Chart 12.19.2025
The pair has made extension towards our purchasing zone- Blue Field space. AUDJPY discovered patrons as anticipated, making respectable response. The rally from from the shopping for zone has exceeded 50 fibs towards the (b) blue connector. Consequently, any lengthy positions from the Blue Field ought to now be risk-free. We’ve set our cease loss at breakeven and have already secured partial earnings. Whereas worth holds above 102.312, we contemplate the wave ((iv)) correction full and see potential for wave ((v)) to be in progress towards new highs. The pair is focusing on 104.86-105.64 space subsequent.
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