Wave-Trader
Short

GBPJPY Big Drop is ahead ( Lower degree correction and sell )

OANDA:GBPJPY   British Pound / Japanese Yen
Hi there,

We were long on the GBPJPY from bottom and in the middle of the GBPJPY . Looks like the bullish wave is about to end and now time to look for short on the GBPJPY .

How we can trade on this chart.

We are having very nice strong bearish impulse just watch for the retracement against that on lower time frame and look for that correction to breakdown.

You can get in the market before the breakdown or on breakout.

In case price close above the previous high that it will change the bearish setup.

If we are not going to see downside continuation and price is going to turn into a bigger daily correction then we will look for buy back to the previous high.

Hope that will help. If not then follow the updates.

Good Luck
Sep 22
Comment: Watch this correction.
Sep 26
Comment: Please support the setup with your likes, comments and by following on TradingView thanks
Jan 14
Comment:
Idea still looks valid! You think that the 138 could still happen in this year as per idea?
Reply
Looks great.
Reply
Excellent setup Sir,
& Good luck
Reply
Very nice setup.
Reply
Wave-Trader Vangardefx
@Vangardefx, thanks Jeremy.
Reply
Thanks man,nice chart
Reply
@Aztrading, indeed thanks
Reply
great post your analysis with this type of explanation ...so that new people can get yout idea...
Reply
@zarrarats, thanks
Reply
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