My favourite pair! The graph pretty much explains itself. Will be waiting for a confirmation before going in.
If we see the candle break resistance will be looking to go long on the lower time frames
After pushing down to 155 area last Friday, GBPJPY is ready for a more decisive uptick in May for GBJPY toward 162-163 area. As said before, the year 2016 is mainly down trend toward 140, but this month of May is an uptick month trade. Early reasonable buy is from current buy 155 - 154. Best Buy is from 153 . I am Absolutely certain about this Buy area to win...
MY PLAN Finally, the market reviewed itself that end of 5th wave. It will becomes corrective stat. 1. A- It is the 1st wave or, 2. A ending and become B. Please do not trade this state. In my view, i think it is end of A and going up to make B. Lock profit a short time. Cheers!
Tf day. Uptrend Tf 4H. Uptrend Tf 1H. Uptrend It is in the 3rd wave and will go up more. Please watch for thr entrance.
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MY PLAN: Now the market is reveal that it is confirm that the uptrend and strong uptrend! We focus on the 3th extend wave. Fibo = 161.8 = 158 around that.
long time to go guys. pattern explained .
Plan of trade TF Day : Make the A-B-C TF Week : End of 5th and make A-B-C or still in 4th wave and make corrective before Go down for 5th wave. TF 4H and 1H: Lock profit if it end of each impulse. 1. If it is beginning of 5th-wave, it make 1-2 and now in the 2nd-wave and will go down to the Big-3rd Wave. or, 2. It will go up to meet the 158.536 160.344 before...
PLAN : Day : still down trend 4H: Double Top and HH - i think it is the C-W1 1H : LONG signal Yesterday i trade with the system with EMA-14 cross over and Buy. around 100 pips (161.8 fibo retracement) but i tested to run trend in 4H but got stop for long shadow. : (
Now it is my second target (I get 1st target at 38.2) at 50% Fibonacci Now aware of this candle stick that is it reversal pattern or not If reversal, it will form the B wave. (I do not trade on B wave) I will wait for the maximise profit at C wave. Cheers.
FX:GBPJPY It's a Bearish Gartley, in fact i believe this one can act as reversal, i will target the 38% retracement, (always the same, once there, close half of position size, and get a free trade with breakeven Stop Loss) expecting another bullish move from there, following price action with 15m chart. Expecting rsi divergence and overbought condition once on...
Dear Traders, GBPJPY, we have a change in participants here. Yesterday was a key day because price manage to trade above the LH which is very significant for those that manage to watch the video i posted on structural points. 154.22 is a structural high and we now have a second break which get us into this trade. We are long this pair frm 154.22 expecting series...