GBP/JPY reversal at Monthly Cloud torsion (Nikita FX )
GBP/JPY had plunged into Black & Purple parallel Channel zone.
And in 2018 Nov. there would have a Monthly Cloud torsion which has the same
reversal Fractal pattern as 2002. Jan (Pink circle zone:1300 pips correction ).
However this time would be still under Black Channel upper line, so I would say
one more pullback into Brown ascending line (4-B Failure).
Then wave 4-C is coming later.
Nikita FX (climbingfx.jugem.jp/ )
And in 2018 Nov. there would have a Monthly Cloud torsion which has the same
reversal Fractal pattern as 2002. Jan (Pink circle zone:1300 pips correction ).
However this time would be still under Black Channel upper line, so I would say
one more pullback into Brown ascending line (4-B Failure).
Then wave 4-C is coming later.
Nikita FX (climbingfx.jugem.jp/ )
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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.