GBPJPY Elliot Wave Confirmation and continuation pattern
In Day Analysis downtrend has been broken by what is confirmed to be a Elliot Wave formation.
The second wave in Day Analysis is giving a reentry at level in Hourly Timefame
I expect a possible impulsive move from 4 to 5 in the Day timeframe Chart.
in the 4HR time frame a Fibonacci confirms the retracement of the next first impulsive move, what would be the move B - C closing at level 61.80%.
The first impulsive move (1 to 2 in RED) of the next wave is a possibility for entry in 1Hr Time frame if closes 61.80% to 50%
The MacD Confirms a shift in momentum in 1 Hour giving us a HIgh Probability Trade set up
Thanks for watching
The second wave in Day Analysis is giving a reentry at level in Hourly Timefame
I expect a possible impulsive move from 4 to 5 in the Day timeframe Chart.
in the 4HR time frame a Fibonacci confirms the retracement of the next first impulsive move, what would be the move B - C closing at level 61.80%.
The first impulsive move (1 to 2 in RED) of the next wave is a possibility for entry in 1Hr Time frame if closes 61.80% to 50%
The MacD Confirms a shift in momentum in 1 Hour giving us a HIgh Probability Trade set up
Thanks for watching
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.