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Elliott Wave Analysis: AUDJPY Broke Out Of Triangle - UPDATETop ↑  Mar 18 2022 Hello traders and investors! Today we want to update our AUDJPY chart from February 10, which is moving nicely higher as expected after we noticed a bullish running triangle formation in wave (B). As you can see, AUDJPY is now in the strong rise, but it's also approaching projected 88-92 target area for wave (C). However, wave (C) is a motive wave and it should be completed by a five-wave cycle of the lower degree, so be aware of more short-term gains before it finds the top. Keep in mind that triangles suggest final continuation leg before reversals. Trade well! Elliott Wave Analysis: AUDJPY Broke Out Of Triangle - UPDATE by ew-forecast on TradingView.com Newsletter archive
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