AUDJPY NEARING COMPLETING A MASSIVE WXY STRUCTURE: FALL EXPECTED
The 86.5 handle is where I will be looking for a major reversal on the AJ due to the numerous reasons listed on the chart. This could be the start of a huge 3 wave down or maybe just an x wave to connect a Z wave up. Either way this pair will fall significantly thus giving traders an opportunity to take advantage of the expected movement. Use your own strategy for entry and exits.