May be seeing an ascending triangle form, and may see tests and/or a break of resistance level point 'B' on the way there. Potential AB=CD harmonic pattern forming on the daily TF of GBP/JPY for a potential short once (and only if) the pattern completes -
Comments
DerekUweri71
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Yes, the double bottom completion is at that region of 189.30-189.70. I take it you're already long and will short at that level?
eliass.r
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Yes I went long at the 61.8% level after it got out of that small cluster of consolidation. will only look to short if it reaches point D.