AUDJPY | The best target for climbing📍
Hello traders , AUDJPY in daily timeframe , In this symbol, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5.
As we said, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally.
But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable.
Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this recent ascent is for Wave 5 from Wave 5.
Wave 5 of wave 5, like the previous waves of the triangle, is formed in the form of three waves, and from these three waves, wave a is being formed.
To complete this wave 5 must make a slight upward movement from the end of wave 3, and this movement is confirmed when the upward trend line is broken and then the correction is formed in the form of wave b.
Other scenarios:
The whole of this counted wave may be related to the original wave 4, in other words it could be for wave 4 of wave 5.
In the first case, the ascent takes place without any decline after the defeat of Fibo 0.618.
In the second case, the black trend takes place before the black line point and then the ascent.
This analysis is fielded if the warning signal range is broken down.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
As we said, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally.
But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable.
Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this recent ascent is for Wave 5 from Wave 5.
Wave 5 of wave 5, like the previous waves of the triangle, is formed in the form of three waves, and from these three waves, wave a is being formed.
To complete this wave 5 must make a slight upward movement from the end of wave 3, and this movement is confirmed when the upward trend line is broken and then the correction is formed in the form of wave b.
Other scenarios:
The whole of this counted wave may be related to the original wave 4, in other words it could be for wave 4 of wave 5.
In the first case, the ascent takes place without any decline after the defeat of Fibo 0.618.
In the second case, the black trend takes place before the black line point and then the ascent.
This analysis is fielded if the warning signal range is broken down.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️