Don_Nilo
Long

BEARISH THREE-DRIVES

FX:GBPJPY   British Pound/Japanese Yen
49 2 4
MY SECOND IDEA IS:
This pair is finishing an A-B-C at 200.00 zone.
So, long to reach the 200s and then short to targets 1 - 2.

Converging at PRZ
Bearish Three-Drives.
AB=CD
127% Fibonacci retracement
Channel 61.8-1.27 type

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Elliott Wave
snapshot


It looks that is going to do this kind of cicle;
http://www.elliottwave.com/freeupdates/archives/2013/01/28/Ending-Diagonal-A-Pattern-to-Send-Shivers-Down-the-Spine-of-Investors.aspx#axzz3nrstvtDJ
Reply
I would mean...

Converging at PRZ
Bearish Three-Drives.
AB=CD
127% Fibonacci 'PROJECTION'
Channel 61.8-1.27 type
Reply
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