GBPJPY For the Next ...from CLOVER GOLD FX

GBPJPY For the Next Week ..... On the daily chart is moving inside a clear ascending channel where price recently touched the upper boundary and showed rejection. The structure indicates the completion of the fourth wave within the overall cycle suggesting that a larger corrective move may follow. The pattern shows exhaustion near the top and the red arrow highlights a potential bearish move toward the lower boundary of the channel. As long as the structure stays within this formation the pair is likely to respect the channel dynamics and continue following the wave count toward the fifth target area.

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Price continued its move lower to complete the final leg of this corrective phase. Right now, we’re tracking the last wave of a (w)-(x)-(y) complex correction, likely finishing soon near the lower trendline support. Once Wave (c) of (y) is complete, the next move should be impulsive and that’s where opportunity exists. ✅ Here’s what to focus on: 🔹 Corrections are designed to shake traders out 🔹 Impulsive moves follow when sentiment is weakest 🔹 Patience here is your real weapon Most traders panic at the end of Wave 4… …but disciplined traders prepare for Wave 5. 🚀 Don’t force trades during the correction. Let the structure finish then execute with a plan.

CLOVER GOLD FX

AUDJPY 14H price is still moving inside a clean ascending channel showing that buyers remain in control but the recent reaction from the upper boundary signals short term exhaustion after the final push into resistance as momentum starts to fade and the structure hints at a corrective phase where price may rotate back toward the mid channel and possibly test the lower channel support since this area has repeatedly acted as a high probability reaction zone in the past while any failure to hold above the 50 percent channel could open the door for a deeper pullback toward channel support whereas bullish continuation will only be confirmed if price stabilizes after the pullback and then breaks and holds above the channel top showing renewed strength and trend continuation.

CLOVER GOLD FX

#xauusd #xᴀᴜᴜsᴅ Gold on the 4H chart shows that the market completed a five wave bullish structure and after reaching the top it started a corrective phase that moved down in three clear waves labeled a b and c the price is reacting around the horizontal support zone where buyers are trying to regain control the descending trend line marks the limit of the corrective phase and a breakout above it may indicate the start of a fresh upward movement the pattern suggests that gold might build strength around this area before targeting higher levels again showing a possible shift from correction to continuation of the overall bullish trend

CLOVER GOLD FX