GBPJPY: Is it simple as corrective-impulse-corrective-impulse?
I don't count the waves here! Just a simple pattern comes up: corrective-impulse-corrective-impulse. Only 1 question for me: Does it end? ==> my observation: For what ever it is, a triangle (5 waves), a flat (3 waves) or a diagonal (5 waves), it should develop 1 more up leg.
Go long with your own breakout strategy!
Go long with your own breakout strategy!
Note
Breakout! Note
It seem to take more time for consolidation. May be a leading diagonal!Note
Test bottom again:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.