Fxtoronto
Short

GBPJPY HUGE R:R SETUP

FX:GBPJPY   British Pound/Japanese Yen
436 2 9
4 months ago
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
snapshot
However, a continuation pattern in the form of a flag is also very possible
snapshot
Price can go towards the 120 level in the long term.
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Cheers
4 months ago
Comment: Flag broke out to the top guys. Entry in the next few hours
4 months ago
Comment:
snapshot

entry can be a little higher invalidating the bat however a bigger cypher is finishing right at the projected flag completion level
4 months ago
Comment: Alternate count and structure
snapshot
4 months ago
Comment:
snapshot
4 months ago
Comment:
snapshot

Second target could be pretty big guys
4 months ago
Comment:
snapshot

All the homework done, now lets just wait and watch
4 months ago
Trade closed manually: closed at breakeven, possible change in structure
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ichi_forex_trader
4 months ago
Thanks for the very detailed analysis. Really like it. I'm also holding short on GBPJPY 127.50, first tp 127
Reply
Fxtoronto ichi_forex_trader
4 months ago
Best of luck :)
Reply
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