i got two major scenarios for the gbpjpy as shown in the chart.
my first scenario - up - is built up on the counting of i ii i ii i ii, with all motive waves i moving in a very clear motive structure and its corrections all ended near the last corrective wave of the movement.
my second scenario - down - suggests that the pair is completing i ii iii iv v vi vii movements, which represent a strong reversal pattern.
if i want to sell, i will wait for one more high beside 195.20,
am already long from 193.10 - am waiting for the next 1 upward movement to make up my decision
my first scenario - up - is built up on the counting of i ii i ii i ii, with all motive waves i moving in a very clear motive structure and its corrections all ended near the last corrective wave of the movement.
my second scenario - down - suggests that the pair is completing i ii iii iv v vi vii movements, which represent a strong reversal pattern.
if i want to sell, i will wait for one more high beside 195.20,
am already long from 193.10 - am waiting for the next 1 upward movement to make up my decision
