FootPrint analyzied if you are with me.

Long

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

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trendanalysis waveanalysis beyondta gbpjpy forex tradesetup

TimeCycle: The price higher probability to change U-Turn , from down wave to up wave.
(i) excess: buying at the excess is the right action as traders or investors.

The Stoploss should be below this 136.5 Or wait to Buy above 138.2 for targets 141-142.5 at the control price attraction.

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Comments

Excellent post. Well researched. Great work. Thanks for sharing! ✔😃

Captain_Walker

@Captain_Walker, thank you very much. I am trying use few of my own theory.

Confused.

wow this is alot of work just to work out the markets are in a risk off sentiment and brexit hangs over the gbp. looks quite good tho

Deep research and nice conclusion.

We are the same on this, my chart is very similar. I don't care about Brexit, interest rates, covid-19 and all the BS in news. Just look at price and it tells you the story. Learn this type of market structure and it can help.
Many thanks for rhis

Thank you KP- Brilliant analysis. Thank you for the share. :-)

just wait for cross 138.2 above for taking long position.

I put in a buy position on the GBPJPY @ 134.881 but the market is currently selling.