GBPJY break below 165.500 on the 3m TF, it was consolidating between 165.500 and 165.00, I'm looking for a retracement in between the 50% and 70% fibs zone for entries. if played perfectly I'm I'm looking a nice 1:5 RR /25pips/SL 125pips/Target.
As we start the new Month first week closed with a strong bullish candle, but I'm expecting a short-term pullback on the upcoming week before market continue its bullish run. if we drop down on the 30m I'm expecting a ABC pattern to complete before starting that weekly pullback. would love to see price reach 166.00 area for entry, and 162.800 for exit on the...
As you can see how the market moving, i have a Elliot wave pattern market up, one last push before entry on the last leg, and we start the correction. We got to Liquidity zone at support I'm expecting a drop down this week to fill up those zone. from entry to target we have a 433 pips target with a 55 pips stop, which is about a 7:1 RR.
GBPJPY potential Sell price reach imbalance zone 200 EMA 70% Fib zone
EURUSD creating a rising wedge possible incoming sell, with great risk Reward
i see a bullish move coming for the upcoming week as the next leg bout to happen
ELLIOT WAVE PATTERN i see a bullish move coming for the upcoming week as the next leg bout to happen