The pattern am trading is ABCDE of V which I will wait for E to complete to sell the pair, but till this time, I will trade all other movement available: 1. I will wait for wave 4 (current movement) to finish and sell targeting wave 5 of c of B end (the target line which is also the buying line is viewed by a dotted red line on the chart), 2. buying @ the red...
The pair is currently moving in wave 4 of v of e which when complete will move another final 1 upward movement to create the high of wave e and then start moving downwards reaching the starting point of the abcde pattern @ 0.7369. I will try to analyze the 12345 movement starting @ low 0.7682 (0) and low @ 0.8050 (2) in order to get the low for wave (4) and buy...
the gbpjpy is currently in the process of creating a 5 wave corrective pattern. abcde in which a is the largest amongst ace and b is the largest amongst bd.