GBPJPY long idea
2019-12-24 00:18:21
If price completes a diagonal, it would be reasonable to mark the whole move as an impulse.
Target 62% (for the wave 5) - of the net distance travelled by waves 1-4.
5th wave assumed to be an ending diagonal, internal structure of the wave 1 of 5 in the diagonal is a three-wave move.
Will see.
The move should be corrected by a reasonably deep pullback