AUD.JPY

Morning traders , first i wanna get back to the chart i posted on our last working day on Friday where i warned of a bounce and break of the channel in the AUD.JPY for a corrective wave , i guess a lot of people got caught up short in this bounce but i hope no one did from the followers of this blog , the chart was a clean accurate analysis and based on a strong case , a lot of people who followed my last AUD.USD short at 8670 that i closed at 8630 might thought through this move down that i closed it early but i trade what i see and analyze , and i seen the downward momentum getting very weak with a bounce coming and i saved our position from going into red with around 70 pips but instead collected some green pips and ready to short from a better level , but as i stated before i m moving to the AUD.JPY as it holds a very clear Elliott waves count and that will be my chart for this week.
in the displayed chart , i believe we are finishing the wave C of the Flat correction before the wave 3 down which comes in very fast and with the highest momentum which makes it sometimes hard to catch , i see this triangle 4th wave pattern breaking higher into the fifth wave which i ll be stalking the end of it for a short to ride this 3rd wave down from a good position , i m watching the s&p 500 going into the c wave this session to finish its correction too.
i think we might see the top of the risk for the next few days on today's session , so try to be close to ur trading platform for a fast trading signal alert.