Well, I posted "GBPJPY short-term buy", but the price went down and breached what I through was a support. Given this down swing is stronger than the previous up swing, now I incline to think this was ABC correction in a larger degree and is forming impulse down. If the price retrace back with ABC correction (wave 2) with declining momentum, I will consider short. Wait and see for now. There are opportunities in other pairs.
I trade forex, cryptocurrency, stock, futures mainly based on Elliott Wave principle.
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I trade forex, cryptocurrency, stock, futures mainly based on Elliott Wave principle.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.