MeshalAlnashri

GBP/JPY!!! TWO POSSIBLE DIRECTIONS.

FX_IDC:GBPJPY   British Pound / Japanese Yen
55 1 2
first i'd like to say that we're currently in a kickass channel, secondly I've spotted 2 wolfe waves in the beginning of the channel one in blue and the other in green i personally favor the green one because we spent a lot of time in the channel and also because there's a void that hasn't been closed yet so let's wait til channel is broken and if it is truly broken we enter short and make almost 60/80 pip if not we look at important candles carefully and if we find any we long with stop loss under candle by 2-4 pips.
Comment: check comments pleaze
the purple trend lines are a wedge, and the yellow thing is a cup and handle, now there's 2 ways for things to play out. first we break cup neckline and take length from lowest point in the cup to the neckline, then add the length to the breakout and if the wedge fails and gets broken to the upside our tp will be near the channel roof and it could also breakout of the channel to achieve the target of the blue wolfe wave. or reach the wedge fallback and break cup handle's lowest point and then break the wedge to the downside, retrace. then fall to wedge's target.
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