Sell! 5 GBP/JPY we're in wave 5 downwards.
Hi So this is the second time I am posting in regards to this pair,
I believe we are in or about to enter wave 5,
looking on 4 HR Chart, all requirements are met
We had an impulse move
61.8% Retracement
Impulse move to 131.8%
The next to moves 4 and 5 should be 38.2 % of wave three which is around 155.019
The move after that would be 100% of wave one which would take us to 152.125
enjoy! hopefully after this trade I will be posting a passed FTMO challenge!
I believe we are in or about to enter wave 5,
looking on 4 HR Chart, all requirements are met
We had an impulse move
61.8% Retracement
Impulse move to 131.8%
The next to moves 4 and 5 should be 38.2 % of wave three which is around 155.019
The move after that would be 100% of wave one which would take us to 152.125
enjoy! hopefully after this trade I will be posting a passed FTMO challenge!
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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.