peterdcharlebois

GBPJPY - Pattern is pretty Clear on the weekly... BUT!

FX:GBPJPY   British Pound/Japanese Yen
The pattern here on the weekly is reasonably clear.. The problem is the movements can be rapid and large on this pair and it's not 100% clear the bottom has formed. In fact, I think we need a 4 and 5 to complete C. Money management is everything with this pair.
Marvin
7 months ago
Nice chart. What do u think, Has W3 commenced? Forgive me for asking ur opinion, just started learning EW. Cheers
Reply
Good for you. It's my passion for sure. My answer is: Maybe.... That's the best answer any Elliottician can give really. (or should). But the likelihood is increasing for sure. It does appear the wave 4 showed up where expected. The only thing is the move up is not very impulsive looking yet. BTW. I'm thinking of teaching Elliott Wave and Traders Money Management again. I used to do this in the past. Let me know if you have any interest. I imagine I will do both group and private. No idea what I will charge... Just a thought.
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