Theto_Morifi

GBPJPY Correction Setup (long)

Lång
Theto_Morifi Uppdaterad   
OANDA:GBPJPY   Brittiska pund/Japanska yen
Ending the week very well with a strong impulsive move down to complete a verypowerful C leg wave, we can now expect a correction
wave structure. On the Weekly Timeframe analysis (which I will post below), GJ is long term short. Therefore we may be seeing the
first two wave developments of a large degree bearish impulse move. Ideally we'd want to catch the third wave down, much more
volatile and lucrative. Let me know what you think about GJ and it's medium to long term projections down in the comments section.
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Let's have a blessed, safe and profitable trading week ahead.
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The weekly analysis I was referring to above.

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