Belissimo belissimo! This is pure and unadulterated. Probably slightly too drinker than a skunk than I should be for a Tuesday night.Even my best friends, even my best friends, they don't know
That my job is turning Lead into Gold
GBPJPY 1H: see the yellow channel lines above in quote from last weeek? See the Fibonacci 423.6% hit and correction (mild)? Now seee the rally today as it hits the channel top. Then see Macd sligh divergence but especially on histogram the smaller bars. Then see how Fibo's magnificent RSI trenline nicely contained the correction and then gave a bounce.
Yippie kai yeh, then count the internal subwaves up on 4H for simplicity - 1H might confuse you, pick either, the higher timeframe is always easier to see wave count, bla bla. See the 5 waves.
Take profit = exit short-term trade at 138.76
Retreat to BEAR CAVE and enjoy the spoils of War.
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Dear Fibo_trader, have you dabbled in GBPJPY much? The waves seems to be playing in a rhythm akin to that of GOD SAVE THE QUEEN.