FalconFXsavv1y

FalconFXsavv1y

This GBPJPY chart is analyzed using Elliott Wave Theory on the 1-hour timeframe. The chart highlights the progression of waves, with distinct impulse and corrective structures marked. A completed corrective wave (labelled as wave 2) precedes a bullish impulsive move (wave 3), which aligns with Fibonacci extensions for target projections. Key levels, such as the...

FalconFXsavv1y

1. Five-Wave Impulse Pattern: The chart shows a clear five-wave impulsive move downward, labeled as (i), (ii), (iii), (iv), (v). This indicates that a downward trend completed its impulsive phase. 2. ABCDE Correction: The correction phase has begun, marked as (a), (b), (c), (d), (e), forming a potential triangle or contracting...

FalconFXsavv1y

gpbjpy idea using elliot wave and fib retracement so we will be trading a small retracement then continue with the wave As of December 30, 2024, the GBP/JPY currency pair is exhibiting a bullish trend, according to Elliott Wave analysis. The short-term Elliott Wave sequence from the low on August 5, 2024, indicates a bullish progression, suggesting the potential...