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EverythingForex
Nov 19, 2015 4:34 PM

TRADE ANALYSIS: GBPJPY - Wave 4 Completed Now? Short

British Pound/Japanese YenFXCM

Description

WAVE COUNT
This wave 4 could be unfolding in a complex WXY pattern. If it is then the wave 4 is completed and we should be seeing a wave 5 decline starting. A confirmation of this wold be seeing prices break below the trading channel it is in right now. You can see that the wave 4 has unfolded in a stair case pattern in an ABC-X-ABC pattern.

PATTERNS

There is a completed 3 Drives pattern here. There is also a POTENTIAL cypher pattern with a confirmed C point.
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