Potential Short Trade Setup for USD/JPY: Elliott Wave 4th Wave Triangle
Context:
USD/JPY appears to be in a 4th wave triangle within a larger impulse wave sequence.
The price is currently charting wave E, the final wave in the triangle formation.
A short trade setup arises if resistance holds at key Fibonacci levels and the triangle completes, allowing the 5th...
The GBP/USD currency pair is currently presenting a potential buy opportunity as it appears to be in the middle of a 3rd wave uptrend—a strong impulsive move according to Elliott Wave theory. This article highlights the setup, entry, target, and stop-loss levels, with supporting technical reasoning.
Market Overview
The GBP/USD has been trending higher over the...
