anilmangal
Long

GBPJPY making a correction.

FX:GBPJPY   British Pound/Japanese Yen
9345 30 235
The GBPJPY             is in a daily corrective structure , It is now making a possible C wave up on the 240, In this 240 up trend it is in a lower degree correction. I will be looking to buy the bounce off the trend.

Have a nice weekend .
Thanks for your support.
Comment: some of my traders got all 3 of these some got 2 , I am in GBPAUD.

snapshot
Comment: THE POWER OF WAVE ANALYSIS !! not only can you forecast the down move but you can also forecast the next up move to come!! AMAZING METHOD!
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Thanks Anil .
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the structure is possible for triangle too
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anilmangal TOP farid_ardavani
thanks for sharing
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manoj15 anilmangal
Anil can i buy at cmp
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juklangel11 anilmangal
don't lose your day job!
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Michelok PRO farid_ardavani
Hi Faril, do you weigh divergence on the daily as well? Divergence has bullishness on the daily at least. Curious about your opinion. Tia!
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hi Michelok, thanks for your warning. but don't forget that all indicators and divergences are function of price action. some people miss understand this concept and think it's price that is function of indicator or divergence. although divergence (and indicator) is an indication of momentum and shows how fast price movement is forming, but it's not a reason for that movement to reverse, price can continue its movement in that direction for long time while there is divergence; especially in triangle patterns or triangular activities of price (while it is going to form a triangle) , divergence can be a deceptive tool. I said structure is "possible" for triangle "too". if it doesn't form triangle, i won't surprise, but at this point (below 164.237) I prefer avoid trading to the upside. Again thanks for your warning.. :)
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Michelok PRO farid_ardavani
Ok, thank you too. Divergence is probably the only indication that has some forecasting value imo where other indicators dont have this, since they really only follow price-action. Divergence might point here that the down trend is coming to an end. I agree that a short move down is still possible.

Especially the break of upper "outer" structure might be nice to go long, as you show in your graph.
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MichaelNweke farid_ardavani
Nice!
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ZheniaNasonov farid_ardavani
Don't you have an "A" wave where 5 is supposed to end. I mean A-B wave should probably be the 5-A one. So this is might be something like A-B-C and we are actually may be facing and impulce just like on Anil's chart, a very nice one just like always by the way
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nice anil. i have the same view also
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Thanks Anil.
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Agree Anil!
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Anilmangal, should we short during the correction?
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Anil. sell setup?
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hi anil plz check the GJ it look the time to go up
plz confirm
thx
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hi anil could we buy gbp jpy right now or im gonna wait a rebound at 61.8 ?what do you think
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hi Anil is this trade active for you?
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Nice prognosis, Anil! And what about EURJPY, is it in a short setup?
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We are staing out of EURJPY for now . looking for the Daily buy setup soon.
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avento anilmangal
Oh, I thought it could be a good sell setup as soon as you intend to sell EURUSD and USDJPY in other trade ideas (especially, taking into account possible targets of USDJPY which could contribute significantly to the downtrend of eurjpy)... Well, lets wait and see for development of situation.
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AlannaLoren anilmangal
Might this current trade still be a buy or should we wait for structure to play out?
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This is amazing Anil. All other experts said Short.
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is it in a good position to place a long now??
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Nimaz Nimaz
any comment??
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I agree with you. There is no point of sharing any idea(charts) without any understanding.
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excellent chart. I make most of my profits this way.... by forecasting and trading both moves.
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amazing
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The best!!
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pitch perfect once again!!
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