I'm also looking at GBP/JPY.
MN and W1 seems in a wave 3 down.
If we go down to the D1, we can see that we are in the W5 of the W3.
To "zoom" in this W5, I switched to the 120m. This down move is well located in the 100-140 bars, so AO reading is accurate.
We can see here that we are in a wave 3 of the wave 5 (on D1).
I want to trade the W4 on the 120m, so I look at the 30m, we are in W3, I'll wait for the W4 and 5 on this 30m to finish and will take the signal long on the 120m.
I would like to know what you guys, are thinking about this counting ?
Thank you very much for all of your comments.
MN and W1 seems in a wave 3 down.
If we go down to the D1, we can see that we are in the W5 of the W3.
To "zoom" in this W5, I switched to the 120m. This down move is well located in the 100-140 bars, so AO reading is accurate.
We can see here that we are in a wave 3 of the wave 5 (on D1).
I want to trade the W4 on the 120m, so I look at the 30m, we are in W3, I'll wait for the W4 and 5 on this 30m to finish and will take the signal long on the 120m.
I would like to know what you guys, are thinking about this counting ?
Thank you very much for all of your comments.