justagirllearningtotrade

GBPJPY WAVE 3 COMPLETE - SELL AFTER 4TH WAVE RETRACEMENT

Short
FX:GBPJPY   British Pound / Japanese Yen
I am looking for another entry on this pair.

It appears as though wave 3 has found some support and I am anticipating it to retrace between 38.2% and 50% of the distance it traveled.

Wave 2 was a flat, so I anticipate wave 4 to be a sharp corrective move.

Right now I am looking at an entry around 131.6 and 1311.99.

I will be looking to sell to 129.5 to 129.9.
Trade active:
Trade activated during the night.

I noticed a typo on my entry. It should have read 131.99.

I am looking at the following TPs

TP 1: 129.689
TP 2: 128.50


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.