DAVID_GIRALDO
Short

turning point for gj

FX:GBPJPY   British Pound / Japanese Yen
40 0 4
we all know the downtrend for gj has been extremely strong so this pullback is destined to end very soon. could possibly be the end of it at the completion of this bat. market already shows heavy divergence and low volume for this correction compared to the volume with the trend and the completion point markes a perfect supply zone . deffinetly gives us a good reason to short the market and possibly hold a 3rd position for another wave down.
156.95
sl- 157.215
tp1- 154.385
tp2- 153.335
tp3- hold
Comment: its safe to say this is my favorite pair due to its high volatility so doing some extra analysis on this pair i found:
1- major fibonacci confluence at the reversal point of this bat
2- geometric measurement confluence leading to the completion of this bat
3- a great oportunity to long this pair.
might make a seperate post for it but this is it. great r/r
great oportunity to buy this double bottom for one more push up
snapshot
Comment: time and price was measured in that yellow box, not onlyprice.
we are 2 hours til the entry of the box, we are 2 hours till london. get ready we might see this pattern take off. elliott wave supported as well!!
snapshot
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