2019.7.5 Prediction and сценарий for GBP/JPY price movement
GBP/JPY Forecast Using Indicators and Market Principles
This article will be a single-sale article, so please be aware.
These market principles (indicators and EA) can display chart patterns such asflag,pennant, ranges andtriangle consolidation, as well as Elliot wave patterns and target rates on the chart.
Now, on the right side of the chart, let's check how they are displayed.
GBP/JPY 4-hour chart produced by Indicators and Market Principles
Previous forecastSince the chart has hardly changed from the previous situation, there is no change in how to view it, but the longer the small consolidation lasts, the more explosive movement there may be at breakout.
<Price movement forecast>
<Elliott wave>

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