Australian Dollar / Japanese Yen
Short
Updated

AUDJPY zigzag

this zigzag correction is about to end.
Note the divergence which indicates
that price movement is losing momentum.
Trade will be triggered at a break below the entry level
Note
it looks like a harmonic pattern too.
my experience is that only those harmonic patterns work that have a Elliott wave reason behind it as this one.
snapshot
Note
I'm waiting for price to get to my entry point and close the trade for a break even trade.
but still there is chance for price to go lower. after I exit the trade, I will wait for a clear setup, whether its short or long setup.
snapshot
Note
triangle...
snapshot

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