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lawlee9
Jul 14, 2020 6:55 PM

GBPJPY - Building up for the long move before BOJ decision Long

British Pound/Japanese YenFXCM

Description

We see price rejecting off the trendline twice now.
The two touches can be seen as an ABC correction of the previous move up (minor 4th wave of the major 3rd wave).
One more leg up to complete the 3rd wave, and then we'll see the big drive for the 5th wave up to the 88.6% after BOJ and UK news come out.
Looking for a big correction as well after.
Comments
gcplau
I consider this idea a success, with a 5Risk/Reward ration ! Good job!
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