GBPJPY
Long Setup
Continuation trade: [GBPJPY W3 MAY 2021]
👉🏻Price is making multiple continuation pattern in the lower timeframes, fails to break lower as well.
Elliot Wave Count also shows a triangle formation of ABCDE, indicating a Wave-4, breaking upwards will form the extended Wave-5. Target of Wave-5 will be the same as Wave-1 (~338 pips)
Long Setup
Continuation trade: [GBPJPY W3 MAY 2021]
👉🏻Price is making multiple continuation pattern in the lower timeframes, fails to break lower as well.
Elliot Wave Count also shows a triangle formation of ABCDE, indicating a Wave-4, breaking upwards will form the extended Wave-5. Target of Wave-5 will be the same as Wave-1 (~338 pips)
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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.