GBPJPY - 5th Wave Coming to an End
Are we seeing the decline in GJ bullish momentum coming to an end?
What are we expecting?
- JPY Strength - GBP weakness = GBPJPY Short Trades.
What is our confirmation?
- Price has one more push up to our 0.27% fib levels to complete our 5-wave theory.
- Use GBPUSD For added confluence as they mirror each other.
- JPY Strength
Where shall we enter?
- We can enter a safe position once we see a breakdown of bullish momentum & rejection wicks from our fib levels 0.27%.
Once entered where will our SL BE?
- SL will be above Fib levels for safe SL
Targets?
1- 164.000
2 - 160.000
What are we expecting?
- JPY Strength - GBP weakness = GBPJPY Short Trades.
What is our confirmation?
- Price has one more push up to our 0.27% fib levels to complete our 5-wave theory.
- Use GBPUSD For added confluence as they mirror each other.
- JPY Strength
Where shall we enter?
- We can enter a safe position once we see a breakdown of bullish momentum & rejection wicks from our fib levels 0.27%.
Once entered where will our SL BE?
- SL will be above Fib levels for safe SL
Targets?
1- 164.000
2 - 160.000
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.
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.