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momo_7
Aug 27, 2017 3:16 PM

GBPJPY - Waiting to Long Long

British Pound/Japanese YenFXCM

Description

Setup: Broadening Top (Weekly Chart)
Status: The current down-leg appears to be starting Wave 4 upwards, which should see the DT line tested this coming week.
Indicators: Stochastic bullish cross + Reversal candlestick as entry signal. Stochastics still dropping and converging, --> The short-term down trend isn't over, which confirms the current bounce is just a short-term pullback (probably Wave 4)
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