GBPJPY WAVE 3 COMPLETE - SELL AFTER 4TH WAVE RETRACEMENT
Updated
I am looking for another entry on this pair.
It appears as though wave 3 has found some support and I am anticipating it to retrace between 38.2% and 50% of the distance it traveled.
Wave 2 was a flat, so I anticipate wave 4 to be a sharp corrective move.
Right now I am looking at an entry around 131.6 and 1311.99.
I will be looking to sell to 129.5 to 129.9.
It appears as though wave 3 has found some support and I am anticipating it to retrace between 38.2% and 50% of the distance it traveled.
Wave 2 was a flat, so I anticipate wave 4 to be a sharp corrective move.
Right now I am looking at an entry around 131.6 and 1311.99.
I will be looking to sell to 129.5 to 129.9.
Trade active
Trade activated during the night.I noticed a typo on my entry. It should have read 131.99.
I am looking at the following TPs
TP 1: 129.689
TP 2: 128.50
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