GBP/JPY Wave-a should retrace all of wave five in 25hrs or less...
GBP/JPY... After the overseen X-wave within wave-5 I have re-evaluated my findings to show the new short position for wave -a... Targets still remain...
Due to the formation of a x wave within wave-5 extension, slight change to the short position!!....
GBP/JPY Short to break 2,4 trend line in two to four violent candlesticks! After breaking 137.271 low at end of wave-4, 95-100% confirmation of a wave-a impulsive correction to be followed by a long position... Easy pips, easy profits... Good idea lol....
GBP/JPY Wave-5 impulse...
GBP/JPY -0.09%LONG due to completion commencing of a level-2 complexity correction phase within a wave-4 retracement of an impulsive cycle which will end with a wave-5 impulsive move consisting roughly of 11hrs give or take 2hrs.... Minimum targets should be considered at the beginning of wave-3, 138.72... Further respective targets could be up to and beyond:...
Less complexity and more concise breakdown of patterns...
After BTC/GBP rallied from lows of 416 in August, it then decided to show extension properties within wave-5 beginning in October... Recently I'm early November it began to form a Truncated Zig-Zag pattern which was part of the usual triangulation of a wave-5 extension and the completion of a 3 month up move! Expect shorts to reach a minimum of 0.618%......
Parallel squares and there 45º structure seem to help determine when completion of non directional movement within the markets... They also very accurately give strong indications to turns in price at price break points...
After a nice short on correction wave c making outstanding profits, a nice buy environment is arising for this currency pair... Special attention to the reversal signals for this pair as a Wave 1 impulsive rally is due to breakout shortly... Do not rely on indicators for this or you will not get in early enough.. Candlestick analysis will get you in faster than...
After a minor degree of wave analysis, I am noticing completion of a impulsive 5 wave move to the downside... A BUY here to ride correction Wave A would be adventurous due to the strength and price drop in the impulsive waves!?? Only my personal opinion...
Chasing the close of wave 4 to jump aboard the wave 5 long position...
Nice and easy on a wide time frame.. Blatant five wave structure pre 5th wave execution.. Get it in...
Cycle is looking complete so a BUY order at around 19.97600 break should secure your long position on the up trend nice and early... Lots of pips to be had on this impulsive 5 wave up move... 3 orders will be placed to maximize profits...
Ok so we are well on our way to TP2 and can start moving stops down a little more from TP1... Soon wee will be completing C wave nd heading for our impulsive waves 1.. Keeping an eye on C wave for any extensions or complex endings... Rubbing our hands together 80 pips up, 40 pips banked and 20 pips of TP2 secured!... There should able a nice harmonic pattern...
Staying short for TP2 whilst paying close attention to the direction of wave C awaiting completion and reversal setup for impulsive actions to come...
Been in this short since the beginning of wave see and now am looking ahead trying to predetermine a reverse strategy for the Buy at wave one of the bull... Since corrections go against the major trend I believe we are still Up trending.. Keeping a hawk eye for any extensions or patterned endings on this c wave...
After completing a complex correction through B wave with a double combo running flat type correction.. Even a short from here can catch some good pips!??