GBPJPY H4 5 Swing Structure.

H4 I'm looking for the end of wave Y before we get the wave X then the wave Z breaking the top above wave Y. We don't have any bearish divergence but if price gives the higher high on H1 we will begin to get bearish internal divergence in wave Y.

H1 Checkout my GBPJPY H1 Bullish Contracting Flat Correction Idea to get the complete picture thank's.

M15 Chart possible bull flag.

GBPUSD H4 has a very similar structure, Checkout my GU H4 ideas to get a deeper understanding thank's, I will leave the links below in related ideas!

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評論:

H4 MACD has turned red therefore wave Y has ended at the 123.6fib. Now were in the waiting game, I will be looking for a similar wave X like the first one, If I get that I will look to trade the Z up. Wait for H4 TL break and a H1 bull flag.
H4 Chart.