GBPJPY Elliot Wave Confirmation and continuation pattern
In Day Analysis downtrend has been broken by what is confirmed to be a Elliot Wave formation.
The second wave in Day Analysis is giving a reentry at level in Hourly Timefame
I expect a possible impulsive move from 4 to 5 in the Day timeframe Chart.
in the 4HR time frame a Fibonacci confirms the retracement of the next first impulsive move, what would be the move B - C closing at level 61.80%.
The first impulsive move (1 to 2 in RED) of the next wave is a possibility for entry in 1Hr Time frame if closes 61.80% to 50%
The MacD Confirms a shift in momentum in 1 Hour giving us a HIgh Probability Trade set up
Thanks for watching
The second wave in Day Analysis is giving a reentry at level in Hourly Timefame
I expect a possible impulsive move from 4 to 5 in the Day timeframe Chart.
in the 4HR time frame a Fibonacci confirms the retracement of the next first impulsive move, what would be the move B - C closing at level 61.80%.
The first impulsive move (1 to 2 in RED) of the next wave is a possibility for entry in 1Hr Time frame if closes 61.80% to 50%
The MacD Confirms a shift in momentum in 1 Hour giving us a HIgh Probability Trade set up
Thanks for watching
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