Theto_Morifi

GBPJPY LONG Trade Idea

Long
OANDA:GBPJPY   British Pound / Japanese Yen
What a lovely 5 wave impulse move provided by GJ. Wave iii was quite extensive, but regardless of that, wave 4 has respected the
channeling principle and has validated the base channel that creates a support area projected from waves 1 and 2. I am looking
to capitalize on the 5th wave impulse that is needed to end this subwave impulse move for the major degree wave (3).

Do stay tuned in for the trade's progress below. Don't hesitate to let me know what your views are on GJ down in the comments
it's always a pleasure sharing some information between us.

Targets:

- 160.000
- 163.000

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