Note

GBPJPY: Positional target to hit below 117 for wave 5) or Z0 to complete the pattern

· Views 230

#OPINIONLEADER# #forexmarket# #ElliottWaves# #GBP/JPY# #ForexEducation#

GBPJPY: Positional target to hit below 117 for wave 5) or Z0 to complete the pattern

Market Commentary:


1. This is a WXYXZ pattern or leading diagonal in a bearish trend to complete the 5 wave structure below 117.


2. This is a monthly TF analysis and it will took more than a year to hit the target as i shown here.


3. Currently we are in the wave b) of 5) or Z) and one more fast C of 5) or Z) to complete the pattern.


4. Invalidation is given here @ 196 and the stop too for the target below 120.


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

Edited 30 Nov 2022, 01:58

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

FOLLOWME Support
Total 100 FCOIN reward
avatar

Hot

Verified Official
Weibo has obtained the basic prize in the Opinion Leader Program: 100 FOCIN that can withdraw. Click to know more details about the Opinion Leader Program >>

-THE END-