Chart : GBPJPY H1
Date/Time : 2019.04.18 18:00
Settings : Reversal Candles=2, Min. Strength=7, # Candles Back=150
This is interesting... I've been searching for an indicator that would help CONFIRM my current method, which is based on Elliott Waves, Fibonacci retracements, and TrendLine Support/Resistance. It just so happens that I placed a GBP/JPY buy order at 145.510 BEFORE coming across this thread.
Ironically, this latest GBPJPY, FEN prediction, coincides with my method. (Bottom of H4 Up Channel, possible start of Wave 5) If this trade is successful, hold on for at least 115 pips (Overnight Target). My target is 146.980 (145 pips)
Upon success, this indicator will be the ONLY indicator needed to VERIFY my method, prior to placing an order. We shall see...
Happy Pippin Everyone!