GBP / JPY - one potential scenario
Hi everyone,
This sort of where I expect from the GBP / JPY over the next few weeks and months. I am reasonably sure it won't track my waves very closely. If wave 5 of wave 3 isn't extended, I would expect wave 5 to be extended - that is if my count eventuates. I'm not a professional or an experienced FOREX trader so this is one is posted more so I can check in on the progress.
Even if the waves develop exactly as I have charted I don't think I will enter a trade. I am not generally a fan of FOREX trading due to the timescales involved and if I do, other currency pairs offer better set-ups. This is published just for interest. Preserve that capital everyone.
This sort of where I expect from the GBP / JPY over the next few weeks and months. I am reasonably sure it won't track my waves very closely. If wave 5 of wave 3 isn't extended, I would expect wave 5 to be extended - that is if my count eventuates. I'm not a professional or an experienced FOREX trader so this is one is posted more so I can check in on the progress.
Even if the waves develop exactly as I have charted I don't think I will enter a trade. I am not generally a fan of FOREX trading due to the timescales involved and if I do, other currency pairs offer better set-ups. This is published just for interest. Preserve that capital everyone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.