Hello guys,
What do you think about this wave analysis? It seems we are on the beginning of the 3rd wave hear (the biggest move according to Elliot). ABC retracement is completed between 0.382 and 0.5 fib retracement levels. We can see the pair gaining more volume on 0.5 fib level with the huge bullish candlestick. Even though I am already long on this trade (see my related idea GBPJPY showing a bullish retracement), I just feel as sharing this Wave analysis. SL is set few pips below 0.5 fib level.
What do you think about this wave analysis? It seems we are on the beginning of the 3rd wave hear (the biggest move according to Elliot). ABC retracement is completed between 0.382 and 0.5 fib retracement levels. We can see the pair gaining more volume on 0.5 fib level with the huge bullish candlestick. Even though I am already long on this trade (see my related idea GBPJPY showing a bullish retracement), I just feel as sharing this Wave analysis. SL is set few pips below 0.5 fib level.
