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lawlee9
Jan 26, 2018 9:25 PM

GBPJPY - Short for a correction Short

British Pound/Japanese YenFXCM

Description

Found resistance and broke rising trendline.
Completed wave 3 of the higher timeframe.
Down move into support along with a rising trendline support level.
With the strong down move, expecting a swift and quick move to the target area.

Long term bullish on the pair so looking for the long entry at that level.

Comment

Long active from TP of short. Looking for resistance at the previous highs, however I am still very bullish on the pair and so we might see a break through at the retest.

Comment

Price heading to target area. Looking for short again.

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