GBPJPY, corrective cylce (wave 2) will end soon. Potential long
The GBPJPY is inside a corrective cycle that started on June 2022.
It is doing a WXY structure in the primary degree (green) and we expect that it will be doing another bearish cycle in a lower degree cycle (minor degree) until it reaches, at least, the 158.944 level.
We will be monitoring this pair to look for long opportunities once the 158.944 level is reached as our swing trade.
It is doing a WXY structure in the primary degree (green) and we expect that it will be doing another bearish cycle in a lower degree cycle (minor degree) until it reaches, at least, the 158.944 level.
We will be monitoring this pair to look for long opportunities once the 158.944 level is reached as our swing trade.
Nota
Typo error in the title: It is not the end of wave 2. it is the end of wave 4.Ordem cancelada
Trade setup cancelled as the channel has been broken. Using the correlation with the other JPY pairs, it seems the wave IV (cycle degree) has ended. That will only be confirmed when the price brake the 168.9 level.Trade safe and see you in the next trading opportunity
Trading the Right Side team
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Trading the Right Side team
All our links: bit.ly/m/TRS
NEW Free telegram channel: t.me/tradingtherightside
All our links: bit.ly/m/TRS
NEW Free telegram channel: t.me/tradingtherightside
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.