With what could be wave 3 in place GBPJPY is now retracing. Price should hold circa red 4 of less one degree.
Any significant move below red 4 would cause concern and the alternative count to be considered in that the movement is A B C corrective.
The base channel was breached quite easily and I suspect that we traded a third wave thus offering a pending opportunity to long the pair if this count is valid.
Any significant move below red 4 would cause concern and the alternative count to be considered in that the movement is A B C corrective.
The base channel was breached quite easily and I suspect that we traded a third wave thus offering a pending opportunity to long the pair if this count is valid.
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.
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.