GBPJPY Correction Setup (long)
Updated
Ending the week very well with a strong impulsive move down to complete a verypowerful C leg wave, we can now expect a correction
wave structure. On the Weekly Timeframe analysis (which I will post below), GJ is long term short. Therefore we may be seeing the
first two wave developments of a large degree bearish impulse move. Ideally we'd want to catch the third wave down, much more
volatile and lucrative. Let me know what you think about GJ and it's medium to long term projections down in the comments section.
If you are enjoying these setups, please don't hesitate to hit that like button. Thank you.
Let's have a blessed, safe and profitable trading week ahead.
wave structure. On the Weekly Timeframe analysis (which I will post below), GJ is long term short. Therefore we may be seeing the
first two wave developments of a large degree bearish impulse move. Ideally we'd want to catch the third wave down, much more
volatile and lucrative. Let me know what you think about GJ and it's medium to long term projections down in the comments section.
If you are enjoying these setups, please don't hesitate to hit that like button. Thank you.
Let's have a blessed, safe and profitable trading week ahead.
Note
The weekly analysis I was referring to above.
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