GBPJPY- Target 175 for wave 5) Wave 4) retest 159 ?
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Market Commentary:
1. We are in "C" wave to the target 175 in a diagonal triangle pattern as i shown here.
2. Currently we are in the wave 4) and it could be a running triangle or a running flat.
3. Wave 5) also complete in the form of a.b and c or in the ending diagonal triangle also.
4. In my view wave "c' of 4) could be a running flat and will complete @ 159 approx.
5. Projecting the target for wave 5) with the help of Fib Exp from wave (a) to (b) 1.618 TP.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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