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

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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

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