GBP/JPY **BUY, BEFORE & AFTER
GBP/JPY **BUY, BEFORE & AFTER
Review of gbpchf analysis based on Price Action, Elliott and Kendall Stick
1- Price Action Analysis:
It has been in a rising price since 5/24/2021, and in this uptrend, which is in a uptrend line, it has hit this resistance line 3 times and has had a big drop each time.
The second time on 20/7/2021, he encountered this very strong resistance line.
And now it is at the price of 1.6195, at which I entered the sale.
With a stop of 1.9233, it is suitable for sale, and with a target of 1.5815, which in this signal, if 100 pips is in profit, please put the stop at the entry price.
- Elliott analysis:
According to Elliott analysis, in wave b there is a stretched plate that has returned to 127% of wave a until now, and the beginning of wave c is that plate which will return at least 138% of wave b.
3- Candle stick analysis: In 1 hour, we see candles with long shadows
📣 GBP/JPY **BUY 📣
🌷🎓Waves ScoUt Forex🎓🌷
At :148.80
SL :148.00**Risk**85 PipS
TP:155.11**Reward**631 pipS🎯
GBPJPY 250 PIPS CLOSE
GBP/JPY **BUY
📠Signal Number :03
📣 GBPJPY **BUY 📣
🌷🎓Waves ScoUt Forex🎓🌷
At :148.80
SL :148.00**Risk**85 PipS
TP:155.11**Reward**631 pipS🎯
GBPJPY 250 PIPS CLOSE
You really make it appear so easy along with your presentation but I to find this matter to be actually one thing that I feel I would by no means understand. It seems too complex and very broad for me. I’m looking ahead in your subsequent post, I will try to get the grasp of it!