AUDJPY - The corrective structure will continue

25 de mar. de 2023

AUDJPY overview

AUDJPY has broken the low created in December last year, which confirms that the most probable path is continuing the bearish corrective cycle WXY until reaching at least 81.455. This fact opens us the opportunity to look for shorting opportunities until we reach that level.

We will not blindly enter to sell AUDJPY in any case. Only if we see clearly a corrective structure we identify and it provides us with a good Inflection Zone, we are going to sell it with a very high probability of having a profitable trade.

AUDJPY is an asset to monitor, and we will keep you updated if the selling opportunity appears

The market is constantly repeating the same type of defined structures. Learning them and being able to spot them on the charts will completely change the way you trade.