GBPJPY Elliot Wave 4-Hourly

Posted by Rob on Wednesday, March 24, 2010 · 2 Comments 

Rob Lee extends his Elliot Wave forex practical with GBPJPY

GBPJPY Forex: We closed our long positions as we swapped into a bearish tone on our Elliot Wave conclusion as correction took over.

We began with our 139.45 entry and added 138.00 area. We are looking for B (B3 on the chart) to extend up to 3 of the Elliot wave before adding further lots and taking away our Hedged A-B from 4 (A4 on the chart) with a targeted C at 2 (C2 on the chart).

Filed under Education, Forex Major Pairs, Market Analysis · Tagged with ,

Comments

2 Responses to “GBPJPY Elliot Wave 4-Hourly”
  1. forex-cat says:
    April 22, 2010 at 9:36 am

    Good blog.
    You are researching well.
    Thank you.

    …(I’d be pleased if you exchange reciprocal link with me.)
    my blog:
    http://forex-chart-analysis-and-a-cat.blogspot.com/

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