johnmad
Long

GBPJPY 30 min Wolfe Wave

FX:GBPJPY   British Pound / Japanese Yen
155 4 9
I am all ready Long on this Trade and here is a Nice Day Trade .
I have shown a Wedge of which the Wolfe Wave Theory is based upon and that 1-4 Line as your Profit Take Position .
Now that we have broken out of that Channel i expect to see Change in Trend .
My targets are set on personal Patterns and Back Testing Discovery's .
According to mt RSI Based Trading System i will be looking to add to my Trade .

Trade your own plan and your own Rules as this is educational .
Trade what you see.
Updated Chart and Channel has been hit with a Double Top , i am now short .
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Target hi has just been hit , i will now place my sell limit at that possible Bat completion and target the 0.382 for the first possible correction , still have my sights set on that Gap .
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Just an update of my thoughts .
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If you understand the Wolfe Wave Theory THEN when price broke below the Wedge look at the note i made on the chart .
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