WaveAnalysis

GBPJPY Huge Down Move Is Very Soon

Short
WaveAnalysis Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Hello traders.

This is one of the best charts in terms of potantial. A weekly corrective structure is in the making. There is a chance for 4th and 5th waves but these are optionals. That means this chart can go down very soon very fast. I like to take any short trade opportunity and there is trade setup right know. I put an entry order blow last deep and minimum target is 116.

Comment:
You can find detailed video analysis in Twitter. The link is in profile page.
Comment:
Stoploss at breakeven.
Waiting for a correction in the same magnitute with 2nd wave as 4th for more down side.

Comment:
Stopped out with breakeven. Now, either a correction for more down impulse or B wave inside of daily 4th wave is in the making.

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