I'm getting ready for the weeks ahead, make sure to keep this one on your watch list! Here we have GBP/JPY on a 4h chart with an excellent buying opportunity if price continues to drop going into 2017.
The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
If we can complete our C point this move will take place in the forthcoming weeks, as always feel free to share any complimentary ideas and leave your opinion on this pair below.
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D point complete, I'll be analysing all aspects before going ahead with this position.
Theresa May is speaking about Brexit tomorrow, seeing the future direction will be interesting.
Safe trading everyone!
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Below is my long term view on the market, I'll be holding my position all the way up to 156 unless I see the trend breaking down.
There's a key lesson to be taken away from this trade... Block out the noise. Always stick to your own trading plan with extreme discipline, this move shows exactly why :)
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To all of those who are not in on this move, here is an excellent entry point on the 15m chart.
Reciprocal AB=CD completing on the trendline of an ascending channel.
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I'll be back posting analysis this week, I took the time out to focus on educational content.
I've been reviewing many of my previous positions and it's satisfying to see moves like this developing over several months!
This is by far one of my most accurate predictions.