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has1988

GBP/JPY short 4h

Short
British Pound / Japanese Yen (FX:GBPJPY)  
has1988 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis doublezigzag
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trendanalysis doublezigzag
After a bullish Trend on Daily we are now in correction. So we are bearish in 4hour chart. I think it´s Daily C Wave that just started after a double ZigZag
Comment:
TradingIdea is still valid. So what happened. The complex correction enlarged from WXY to WXYXZ.
It looks like ZigZag-X-ZigZag-X-expanding triangle.
expanding triangle, one of the most hated pattern…
But the good news:
1. We already have a triple complex correction.
2. The Rule “If a Triangle is occuring in a complex c., than it is nearly always the last wave of the correction.” confirms the count
So I will enlarge my short position. Setting some sellstops and adjust them.
And will look for signals near
cypher zone,
pink trendline (W1-W4 of the motive wave of higher timeframe connected,
and timecluster, since the wavelength was pretty equal in the past
snapshot
Comment:
Very nice, everything as aspected, there was the first move
snapshot
Trade active:
reenterzone hitted.
snapshot
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