AUDJPY is forming a 4H correction pattern inside a longer time frame correction pattern.
We have to wait and watch if the 4H correction pattern ends at 50% retrace or 61.8% retrace.
Fib retrace levels are in confluence with 1:1 and 1:1.272 extension of A vs B inside the 4H correction pattern.
In either case., there will be one more wave up once the correction is over.
We have to wait and watch if the 4H correction pattern ends at 50% retrace or 61.8% retrace.
Fib retrace levels are in confluence with 1:1 and 1:1.272 extension of A vs B inside the 4H correction pattern.
In either case., there will be one more wave up once the correction is over.
