next week i will be looking into the pound yen to go up. we have completed a wolf wave ending diagonal pattern that has an expanding triangle. more importantly is the wave and structure where we see the expanding triangle at the 5th wave.
long gbpjpy
- bottom of ending diagnal pattern
- oversold RSI
- RSI divergence
expanding triangle pattern
entry: 132.800 area
sl: 132.233
tp1: 139.887
risk: aprox 50-70 pips.
potencial gain: 700+ pips
if price breaks the triangle bullish and pulls back at my .618 area to make a correction, i will add more positions.
15 min chart shows my buy area
1 hour chart yellow box .618 zone
long gbpjpy
- bottom of ending diagnal pattern
- oversold RSI
- RSI divergence
expanding triangle pattern
entry: 132.800 area
sl: 132.233
tp1: 139.887
risk: aprox 50-70 pips.
potencial gain: 700+ pips
if price breaks the triangle bullish and pulls back at my .618 area to make a correction, i will add more positions.
15 min chart shows my buy area
Comment:
buy zone if we get the 61.8 pullback. simple, buy the bounce.
Comment:
price entered apex buy zone
David K Giraldo