KVE
Long

GBP/JPY: AB=CD complete or more downside to come?

FX:GBPJPY   British Pound/Japanese Yen
101 0 3
I'm currently long from the 141 ext. and completion of 1/1 AB=CD (possible Cypher C if we get a good reversal) with SL somewhat below the low of today. Also the RSI is highly oversold so we could see at least some retracement upwards.

If my SL gets hit I have orders ready further down, see possible long entry zones in blue on the chart. I'm actually looking where a posible C wave of a correction ends..., IF this turns out to be a correction and not a full blown reversal...

I'll keep my SL's tight since we've not yet reached the 38.2 retracement of the last big move up (zoom out and look left), this retracement is actually below that lower S/R zone and trendline!
Trade closed: stop reached: Updated idea:
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out