GBP/JPY

GBP/JPY ** SELL

GBP/JPY ** SELL : Review of EUR/AUD analysis based on Price Action, Elliott and Kendall Stick. Price Action Analysis

πŸ“  Signal Number:01
GBP/JPY ** SELL
πŸŒ·πŸŽ“Waves ScoUt ForexπŸŽ“πŸŒ·
At :1.5985
SL :1.5953Risk32pips
TP :1.6128Reward143pips🎯
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”-
1000$ with only 0.01 volume

GBP/JPY ** SELL

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.

  1. Elliott analysis GBP/JPY ** SELL :
    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

Review of EUR/AUD analysis based on Price Action, Elliott and Kendall Stick

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