Short GBPJPY, Elliot Wave, Swing

Jul 4, 2017

Another of my Elliot wave charts. We are in an ending diagonal pattern for GBPJPY. This whole structure is a 5 wave corrective wedge pattern. And we are in Corrective wave 4 now.

Expect bearish impulsive wave 5 to begin soon, and it will take us to 120 region

Short : 146.8
SL : 148.6
TP : 120+ region.

Jul 4, 2017

Note

This is the long term swing chart. Expect Wave 5 to begin soon

Jul 5, 2017

Note

This is a more detailed short term chart.
Note this is wave E of the above corrective wave 4

As such, if my wave count is correct, wave E has ended at 146.95. I will be shifting my SL to 147.3.

Jul 10, 2017

Note

Looks like a miscalculation on my end.


Expecting GJ to hit 148 before turning downwards.

Trade still active, shifted SL to 148.7, and will add one more position if it hits 148.