GBPJPY 5th wave

Bullish: We are currently @ 138.26 in a 5th wave. Two scenarios: Bullish: a move to the ATR Target @ 139.44 and a continuation later to the % 6 @ 140.52. 2: Bearish: A break down here would tell us this is a bear flag to start a C wave to the Trend wall and then get bullish there. Watch the USDX for direction. The ATR for the pair currently is 138 pips per day.


Posted to Introduction to Forex Targe… on Nov 16, 2020 — 8:11 AM
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Great weekly analysis, very useful and educational.
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