"GBPJPY looks like its in a Flat" move. Initial move up, followed by 3 waves correction and then a continuation move up- A simple setup.
It seems to have completed 2 of the 3 the waves (A , B) and is now likely to head down for the wave C.
This move down completes the 3 wave corrective pattern which means, after the move down, GBPJPY will head up. A classic "sell high", "Buy Low" formation in progress.
There is bearish divergence between the points A and B and between the last two moves internally within the wave B. This "signals" that a down move might be coming up soon.
** This is not a trade call/ trade advise**
It seems to have completed 2 of the 3 the waves (A , B) and is now likely to head down for the wave C.
This move down completes the 3 wave corrective pattern which means, after the move down, GBPJPY will head up. A classic "sell high", "Buy Low" formation in progress.
There is bearish divergence between the points A and B and between the last two moves internally within the wave B. This "signals" that a down move might be coming up soon.
** This is not a trade call/ trade advise**
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.