FX:GBPJPY   British Pound / Japanese Yen
438 2 9
Hello here we have potential short in the making very big R:R with first target being 1:3. Also have a possible harmonic finishing at the upper trend line .
Price is completing its final wave up of a complex ABCDE continuation pattern
However, a continuation pattern in the form of a flag is also very possible
Price can go towards the 120 level in the long term.
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Comment: Flag broke out to the top guys. Entry in the next few hours
entry can be a little higher invalidating the bat however a bigger cypher is finishing right at the projected flag completion level
Comment: Alternate count and structure
Second target could be pretty big guys
All the homework done, now lets just wait and watch
Trade closed manually: closed at breakeven, possible change in structure
Thanks for the very detailed analysis. Really like it. I'm also holding short on GBPJPY 127.50, first tp 127
AkashGaur ichi_forex_trader
Best of luck :)
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