Watchlist GBPJPY, H4:
Yes i am here for Reason Trading Strategy Elliot Wave.
Currently we can see (GBPJPY) is being corrected from bearish trend, and still possible to fall back because according to the analysis I see: the previous trend has formed (Wave 1) and (Wave 2) which makes the trend down. Here too I see prices have formed a new wave before rising or correction. And I have a trendline or (Wave 3) that makes this pair bounce up. My assumption is to wait for the retest and the formation of a new wave that is (Wave 4). If that happens then the price potentially will continue the real bearish trend. This is just my assumption and analysis. The retest confirmation will be the most important. REGARDS
Yes i am here for Reason Trading Strategy Elliot Wave.
Currently we can see (GBPJPY) is being corrected from bearish trend, and still possible to fall back because according to the analysis I see: the previous trend has formed (Wave 1) and (Wave 2) which makes the trend down. Here too I see prices have formed a new wave before rising or correction. And I have a trendline or (Wave 3) that makes this pair bounce up. My assumption is to wait for the retest and the formation of a new wave that is (Wave 4). If that happens then the price potentially will continue the real bearish trend. This is just my assumption and analysis. The retest confirmation will be the most important. REGARDS