Price has been trading bullish for a while now, price has formed an Ending contracting diagonal pattern on the bearish direction. More likely we are on the bigger impulse move correction. Ending Diagonal patterns signals the end of a trend and occur on wave 5 and C. The bearishness will still continue for the next couple of weeks.
AUDJPYBearish PatternsdaytradingElliott WaveEnding DiagonalftmoictSMCtradingview

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