SergeantPringles

GBPJPY - 4H - Small sell before continuation higher?

Short
FX:GBPJPY   British Pound / Japanese Yen
7
The wavestructure for GBPJPY isnt 100% clear at least from my (basic) point of view. depending on how you count you will end up with different scenarios. the most likly ones are drawn in with different colors. I personally think that we will see a break if the trendline to the upside one way or another (blue/orange) but the pink scenario is also possible. it will all come down to how the market reacts coming into this resistance zone.
However. as you can see from the chart i think a small ~1:1 sell inside the white box with stops above the X point of the gartley will always be a good idea and will most likly be my first trade of the next week.
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