GBPJPY Correction May Be Coming To An End - Time For Buys
For this setup we have:
-Elliott Wave ABC correction pattern & channel
-Major 61.8 retracement
Perfect ABCD projection within Elliott Wave channel
-Major counter-trendline support
-Significant psychological round number (130.000)
Scenario #2:
-If price doesn't reach the 130.000 price level, then the 50.0 Fibonacci level will act as strong support
SL: 128.500
TP1: 133.500
TP2: 134.000
TP3: 135.500
-Elliott Wave ABC correction pattern & channel
-Major 61.8 retracement
Perfect ABCD projection within Elliott Wave channel
-Major counter-trendline support
-Significant psychological round number (130.000)
Scenario #2:
-If price doesn't reach the 130.000 price level, then the 50.0 Fibonacci level will act as strong support
SL: 128.500
TP1: 133.500
TP2: 134.000
TP3: 135.500
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