tupaitrader

GBPJPY looks like 5 wave cycle

Long
FX:GBPJPY   British Pound / Japanese Yen
for this analysis.i found that there is 5 wave cycle on the chart.i think the price will make a correction after this.

the reason why im saying the price will make correction is. the price is in the oversold condition.the candlestick looks exhausted.

i will make my desicion to put order after the price make reversal.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.