GBPJPY - Gartley long at the end of a 5 wave structure
Currently sitting at the end of a 5 wave structure, so at least ABC correction is likly. that will most likly bring us up into previous resistance since the B wave is very deep anyway.
however its also possible we will start a bigger upmove now, so i will keep 1 half for that. make sure to bring your stops to breakeven once we approach the blue trendline, since we dont wanna see the market bounce of of that
however its also possible we will start a bigger upmove now, so i will keep 1 half for that. make sure to bring your stops to breakeven once we approach the blue trendline, since we dont wanna see the market bounce of of that
Note
Here the reasoning behind TG2 Note
the white box and TG1 should be alittle bit lower by the way. just the retest of the A point. dunno what happend there
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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.