UPDATE ON GBPJPY (ANOTHER POSSIBLE IDEA)
WAVE W AND WAVE X HAVE BEEN COMPLETED.
We are currently the wave Y of Wave 4 in the higher degree. There is a possibility that entirety of Wave 4 is not a triangle and we could just be forming a WXY pattern. After analysing the pair, we could potentially form a smaller triangle as an X to then give us an Y to the downside taking out previous lows.
Let me know what you guys thinks. God bless!
We are currently the wave Y of Wave 4 in the higher degree. There is a possibility that entirety of Wave 4 is not a triangle and we could just be forming a WXY pattern. After analysing the pair, we could potentially form a smaller triangle as an X to then give us an Y to the downside taking out previous lows.
Let me know what you guys thinks. God bless!
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