Looking AUDJPY in a larger timeframe we see that price is moving into a consolidation. In a lower timeframe we have a pending buy setup. After an impulsive up move, price is in a correction having already complete four waves. If it retraces further at the lower bond of the larger correction we should have a five wave corrective pattern completion.
At that level we should watch for a buy setup to catch the next impulsive move.
Consolidation:
At that level we should watch for a buy setup to catch the next impulsive move.
Consolidation:
