HamzaLeith
Long

GBPJPY AWESOME AWESOME BUY, PROBABLY MY BEST RR

FX:GBPJPY   British Pound/Japanese Yen
IDEA IS BASED ON A COMBINATION OF ELLIOT WAVE THEORY. MEDIAN LINE ANALYSIS AND FIBONACCI EXTENSIONS. THE RATIONALE BEHIND THIS TECHNICAL ANALYSIS IS SHOWN ON THE CHART ALONG WITH SPECIFIC TARGET AND STOP LOSS. IF YOU COPY MY SETUP. PLEASE DO SO AT YOUR OWN RISK. GOOD LUCK GUYS
Hi Hamzah, I've got to this from your latest GBPJPY analysis. Could you tell me how you knew wave 4 had completed? Its above Wave 1 sure, but how were you sure it wouldn't retrace into Wave 1. Did you wait for specific duration or await a green candle? Or did you simply count a, b and c and the green candle indicated then end of 4. Would be really interested to know. Cheers
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Hi Hamza. Hope you are fine. What is zour view on this pair now? Move from 175.3 are 2 overlapping waves where c = 1.382*a. Could we be in 3 now?
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Hiy stop loss... I was really hoping this one will work
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HamzaLeith Claudisimo
yes me too :(, this one is invalidated!
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HamzaLeith HamzaLeith
if 171.937 holds...then it could still reach that target. It is not the first time that I get stopped out only to find out that wave nr 1 was a bit lower...besides I have a bullish bias on GBPUSD! in the long term if gbpusd goes up strongely the gbpjpy will follow! but for now...I am not trading this pair until things get clear!
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And its gonna bounce soon 172.288 is where my shorts are done with and long positions being taken... Unless markets get a bit more murky.. the big drop in Dow y'day is still fresh in the mind.
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HamzaLeith justatrader
Lets hope so justatrader
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agree with you my friend! The bigger picture is even more interesting. Will post it if (once) we get there! Now we are really in position with good risk/reward ratio!
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HamzaLeith Sinuhet
Thanks, looking forward to checking it out
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Look how complimentary RSI and EW are
snapshot
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