joeyvalentino
Long

GBPJPY Potential Elliot Wave Setup

FX:GBPJPY   British Pound / Japanese Yen
GJ broke the channel came back and retested with a strong bullish candle off the supply zone . I am looking for that 5th wave to form although i do think the setup is just a bit premature. however once the 5th wave forms we would see daily divergence on the TDI . this would ideall be a good signal for the beginning of the corrective ABC waves. however I want to see price shatter the 150.000, retest and hold before i take a long position. I missed the buy off the trend line which was the good move.
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