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AUDJPY Potential Buy Setup About To Complete

Long
Dollaro australiano / Yen giapponese (FX:AUDJPY)  
Fxprotrader  
FX:AUDJPY   Dollaro australiano / Yen giapponese
AUDJPY
21
0
audjpy
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:
snapshot

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