D1 FAKEY OF FORMED.
DOWNSIDE BREAK OF THE MOTHER BAR AND SUPPORT LINE WILL ESCALATE FALL. I HAVE ALREADY SHORTED. WOULD VERY MUCH LIKE TO SEE THE SUPPORT AND MOTHER BAR'S DOWNSIDE BREAKOUT.
QUICK GET IN GET OUT TRADE.
SHORT NOW TO .
. "SMALL SOLDIERS STEPS BEFORE A WAR" AS I WOULD CALL IT.
SL ABOVE 188.7. IF PRICE MOVES ABOVE THAT LEVEL THIS IDEA IS INVALIDATED AND THIS IS NOT A ANYMORE.
HOWEVER AS OF NOW THIS IS PROBABLY THE CUTEST AND SLOWLY MOVING I HAVE SEEN.
WORTH TRADING. IM IN.
You said that "this is just a matter of time and the Yen is going to fight back." This is like saying it is just a matter of time, we are going to die. The question is when? Is it possible for price to break below that support in your chart?
Don't get me wrong. I'm not saying JPY won't strengthen and hence GBPJPY drops. In fact, I have no idea where it will go in the future.
Good luck if you are in trade and happy trading.
If this 4h candle ends-up being a shooting star we all know what is gonna happen...
All Yen pairs ran up recently because of its weakness? or is it because of other majors' strengths?
I know most GBP are on the rise/have been rising SIGNIFICANTLY.
But a pattern is a pattern. I find patterns and i post it. Whether the trade works out or not, or if i take it or not. That is what to me and up to every traders who read my post.
So good luck to those who took it. I know i did and im hoping.