USD/JPY is still in its big wave (lime) 4, with wave (red) B in progress.
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DislikedUSD/JPY is still in its big wave (lime) 4, with wave (red) B in progress.Ignored
DislikedOpportunity #G30/07
GBP/USD Short
3 parts
Entry: 2.0070
Stop (initial): 2.0120
End of wave 5 up (of big wave 1?).Ignored
DislikedSo you expect a last leg C up to complete the B near the high before a new downwave in an impulse C down to finish 4?
If USDJPY still has to rise more to get that B finished, then GJ can't have completed it's B, and that in turn would put the B to a new high which in turn would be above the A....
See the dilemma here?Ignored
DislikedThat could happen provided that cable goes down.
And please don't be greedy, 200.00 for GBP/JPY is sooooo far away.Ignored
DislikedUpdate 3: Gunned down for -141. A good start for the month, yeah! Waiting to short again.Ignored
DislikedAwww man, for a second there I thought we'd get a bit more of a bump down.
Anyway, considering today is happening mostly in the xxxCHF crosses it's no small wonder the majors are choppy. However USDCHF will exceed it's part for the drop at some point, then it has to stall and waver around as GBPUSD drops for GBPCHF to go lower. Or we just keep bashing the USD but with USDCHF doing it fastest, that would work too ;pIgnored
DislikedI'm looking for scenario 1 now, with Cable retracing to below 1.99 then skyrocketing to above 2.06 (61.8 FE monthly target at 2.0678).Ignored
DislikedRemember this chart?
I'm curious to see whether we'll finally get to that FE 100 =)
I also love how it used the weak .618 wave end to jump from it.Ignored