GBPJPY a nice short term sell for the asian session

FX:GBPJPY   British Pound / Japanese Yen
4716 24 142
The GBPJPY             is in a daily down trend , it is now making a corrective move up, this looks like a pullback of the up move so a short term sell to the 50 fib seems like a good idea. Expecting one more up move within the down trend.

Trade with care and remember trading is not a quantitative business it's a qualitative business, simply put if you add 50 bad ideas together you don't get one good idea. All you need is good understanding of structure (wave analysis) and one great setup!

Thanks for your support.
Training : add to skype mangal457
50% retracement complete, could you possibly share your analysis on the up move please?
Anil What are your thoughts on GBPJPY? It broke the trendline..
it could be an expanding flat so see is too early unless it makes a lower degree correction or unless you are trading on lower time frame
Sidd anilmangal
Thanks for the insight Anil. Appreciate your knowledge and your work :)
now it just to come down.. to late @_@
lost usdjpy 300, gbpjpy 200 pips haiz @_@
+2 Reply
Comment removed
cipsor Irawan
How about active managing your trade? You had the chance to move your SL to break even or even walk with a small profit.
Irawan cipsor
i think the setup is not complete yet, then i thought that was breakout... bump jumpe d into fake brokeout @_@
Looks promising. Thanks Anil.
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