A good time to update the GBPJPY chart, lets start by firstly digging up the leg we are following:
So far a very good example of how to trade waves, we are now tracking the ending of wave 2 and a transition into the impulsive 3rd leg in this journey. The invalidation for this entire move comes into play above 136.0x ...I am wary of a sweep and remain cautious of a stop hunt... similarly to the way we traded a position live on Tradingview to the downside during the first leg:
We'll see how it plays out over the coming sessions.
So far a very good example of how to trade waves, we are now tracking the ending of wave 2 and a transition into the impulsive 3rd leg in this journey. The invalidation for this entire move comes into play above 136.0x ...I am wary of a sweep and remain cautious of a stop hunt... similarly to the way we traded a position live on Tradingview to the downside during the first leg:
We'll see how it plays out over the coming sessions.
