GBPJPY perferct trade scenario, both long & short

已更新

In the beginning of next week I will be looking for a last leg higher for wave 5 of wave A in red. Once that is in place I will be looking for a 3 wave pattern consolidation to retrace at least 38.2% of the whole length of wave A (top has yet to be determined).
Once that consolidation is in place I will be looking for a wave C higher towards 173 and maybe even higher (this wave count can change in an impulsive 1-2-3-4-5 count).
So first things first, in the beginning of the week I like a last buy continuation trade based on lower time frames (<1hr) towards 164.8-165 followed by a correction for wave B. (wait for first impulse lower (a), wait for consolidation (b) and sell wave C (sell continuation) of wave B in red)

updates will follow.

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注释

交易开始

I will update as soon as I see a clear impulse and consolidation. I personally got triggered long at 159.44 because I traded the news volatility by means of a pending order. That stop is at break even and if this is a start of the next leg higher I consider this trade a 'bonus'. However the high probability trade will present itself once we see this price action continue and consolidate. I will update this trade if that happens. If we move lower I'm protected with my stop loss and wait for the next opportunity.

注释

GBPJPY correction is not over yet and I believe we might test 156 before we see a reversal. I projected my wave count for buy trade opportunities. Updates will follow once GBPJPY reaches my reversal zone for a buy opportunity towards 173.