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AUDJPY Begins Elliot Correction After Wave 5 Impulse Ends

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AUDJPY seems to have started a Elliot Correction Wave after the Impulsive Elliot Wave came to a finish once Wave 5 ended this morning @ 93.774.

Now after an Impulsive Wave ends, its theory that a Correction comes next and with Price having Retraced to the Golden Ratio creating a Lower High, this is the beginning signs of that theory in the works!

The Sequence will be confirmed once Price Breaks below Point A @ 93.248 where then we should suspect Price to find itself back down into the 92 range where the Correction Wave should come to an end.

RSI is trading back below 50 confirming Price has room to move lower strengthening the Bearish Bias.
交易進行
快照

(Aggressive)
Short Entry @ 93.43
SL @ 93.63
TP @ 92.75
交易結束:達到停損點

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