GBP/JPY is setting up for what could be an awesome . The best part about it is, the opportunity that might be presented for those traders that have smaller accounts and can't take the amount of risk that a normal usually presents on a 4hr chart. This completes at 182.820 and there is a nice shelf of structure at both the 184.000 (thick purple line) & 185.000 handle (which is where the X leg begins). So for those traders that cannot take the amount of risk that putting a limit order at the .786 entails, you can wait and see if price action will go up to the kill zone I have lined out and then make a structure play. As you can see on the chart, its definitely not out of the realm of possibility that P/A could get up there. Then you can go down to the 1hr timeframe and look for a double top with divergence, or whatever your rules of engagement are for entering. Either way, this is one that I will definitely be watching, for it could be a very good opportunity.
I started teaching myself about the markets two years ago, and came across Jason's you tube video on how the secret to Fibonacci. Since then I have watched every single video and training that both Jason and Akil have put out and I have watched them at least two or three times. I could never afford the 12 week transformation, but there free trainings are so valuable that those alone have made me a successful trader. Jason and Akil wouldn't know me if they tripped over me in the street, but I cannot give them enough thanks. Thank you for the positive comment.