Price Action (Elliot Wave Maybe?) GBP/JPY, 30min
Here I see a price action trade along the linear regression line with standard deviation set at 2 and -2. I also believe this may be an Elliot wave cycle.
If i remember correctly, the third wave, should be about the same length as the first wave, so i have placed my limit at the 1.618 extension of the second wave, just to be safe (remember, still learning price action).
I have placed my stop at previous structure and my entry is at current price, with any luck, we should see some profit here in a few hours.
Thanks for checking us out, any pointers would be greatly appreciated, just leave them in the comments. Don't forget to like if you agree with the trade, and follow if you want to see some more trading
As always, Good trading!
I
If i remember correctly, the third wave, should be about the same length as the first wave, so i have placed my limit at the 1.618 extension of the second wave, just to be safe (remember, still learning price action).
I have placed my stop at previous structure and my entry is at current price, with any luck, we should see some profit here in a few hours.
Thanks for checking us out, any pointers would be greatly appreciated, just leave them in the comments. Don't forget to like if you agree with the trade, and follow if you want to see some more trading
As always, Good trading!
I
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