Forex_Monster

LONG GBPJPY 05/07/2021

Long
FX:GBPJPY   British Pound / Japanese Yen
Triangle with Wave A the Largest



Price breaking out of 56.3% Fib retracement of Wave A is valid breakout.
Triangle occurs at Wave 4/Wave B/the last pattern in Double-three and Triple Three combination.
Triangle signifies change in market sentiment from Bearish to Bullish vis versa when it ends Double-Three and Triple Three combination.
Target is based on equal distance between Wave A and proposed price target for profit


Disclaimer: This is author's trading view on the assets and not a financial advise.

Disclaimer

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