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GOKULAVARMA
Jun 16, 2022 5:42 PM

GBPJPY Elliott 5th Wave Started  Long

FX:GBPJPY240
British Pound/Japanese YenFXCM

Description

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GBPJPY Elliott 5th Wave Started
1st Target 166.65
2nd Target 170.75
Long term Target Expecting GBPJPY will reach 177
Setup Invalid once 4hr candle closed below 160

Comment

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1st TARGET 166.65 Reached
Trend AnalysisWave AnalysisFundamental AnalysiswavetheoryelliottwaveprojectionGBPJPYpoundyen
Comments
Tigercat
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Hmmmm, I thought wave 4 could not extend in to wave 1?
GOKULAVARMA
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@Tigercat, Yes correct..its overlapped..so,this will be a diagonal wave pattern formation
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