Libra Esterlina/Iene JaponêsViés de baixa
GBPJPY MARKET STRUCTURE LINED UP WITH ELLIOT WAVE SETUP
This analysis shows an example of how Elliot Wave forecast used to line up with other technical indicators.
Here I'm anticipating a sell-off in GBPJPY to complete a regular Elliot Wave pattern. This pattern is most likely to complete within the blue box on the chart.
As you can see, the blue zone lined up with minor demand/support zone, the third bounce of ascending trendline, and 50-61.8% Fibonacci ratio.
I will keep eyes on it to see how it played out!
What is your bias on GBPJPY? Let's chat in the comment!
Best,
Veejahbee.
Here I'm anticipating a sell-off in GBPJPY to complete a regular Elliot Wave pattern. This pattern is most likely to complete within the blue box on the chart.
As you can see, the blue zone lined up with minor demand/support zone, the third bounce of ascending trendline, and 50-61.8% Fibonacci ratio.
I will keep eyes on it to see how it played out!
What is your bias on GBPJPY? Let's chat in the comment!
Best,
Veejahbee.
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