GBPJPY 3 wave

my elliotwave count shows that the wave is now completed the abc wave. while in smaller degree, the 5 wave cycle also completed making it good decision to find the opportunity to go short.


the price seem to fail to find its higher high and yet the candlestick formation on 240 time frame shows that the trend are bearish .



the daily candlestick shows that, there are some rejection on the candle that is seller get into the market and pushing the price downward.

the target profit area will be on the 184.044 which is the support area on the 240 time frame.

good luck!!



disclaimer
------------------------------
this idea was published for the purpose of study only. all the risk taking are at your own responsibility.
------------------------------



dosudongos enter

A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.