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abraham300
Oct 29, 2019 8:17 PM

GBPJPY 4th corrective wave Long

GBP/JPYOANDA

Description

I see an Elliot wave structure. The pair is currently on the fourth wave. You can short term sell until 135.400 but the main daily trend is now up. At that same level (135.400) you can buy starting the 5th wave. patience is key do not chase price.

If the pair breaks above 141.400 the wave structure is no longer valid and look for buy set ups
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