Balazs
Short

GBPJPY - Simple ABC's = 2800 Pips

FX:GBPJPY   British Pound/Japanese Yen
175 2 5
Looking at the overall higher time frame trend we're going down, and within that channel we're about half way down in the current drop. A basic AB-CD             projection after consolidation of a possible triangle or flag could give us another 2800             pips movement like we saw in the recent bearish fall.

Don't enter hastily as you may end up waiting for weeks (literally) stuck in consolidation. Not many have the emotional capacity to hold onto anything like that for that long.
Perhaps too many pips for some, nevertheless we got what we wanted. Hope you all took some profits or at least moved your stop loss to break even :)
Reply
Thanks for giving the Bigger Picture!
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out