AUDJPY is showing us a really nice flat correction.
A flat correction consists of 3 major waves, which is broken down into 3(A) 3(A) C(5).
We are currently in C wave, subwave 4. Expecting subwave 5 soon.
Trade Idea: - Watch for breakdown of subwave 4 correction - Entry after break of red trendline - Stops above the highs of the correction - Targets: 90.5 (330pips), 89.1 (480pips)