AUD/JPY Elliott Wave Analysis

AUD/JPY Elliott Wave Analysis M15

AUD/JPY Elliott Wave Analysis..

The AUD/JPY pair is currently in a long-term buy trend but is showing a regular divergence. There is a strong demand zone at the moment. The chart indicates a potential Wave 5 completion with a failure pattern at the end of Major Wave 5 on the 15-minute chart. Channeling technique suggests a correction pattern towards the upside regarding liquidity. However, it may only serve as a forecast. Anytime it can form an alternative pattern. I want to post this as an analysis on my wave site.

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