Wave-Trader
Long

Bearish wave has lost momentum

FX:GBPJPY   British Pound / Japanese Yen
1471 22 51
I am expecting bullish breakout on GBPJPY             . It seems to me that bearish wave has lost momentum and forming a bearish flag against the bullish impulse. In case price break down the recent lows then it will invalidate the idea.
Comment: Bullish momentum is not strong enough break down is possible sell on sharp break
snapshot
Comment: We approaching to the ideal sell place
snapshot
Comment: So far price is moving according to my prediction. I am expecting ABCDE triangle. once price hit my D wave then i will look for E wave. In case price breaks up then i will look for Flat ABC. Here is the update.
Comment:
Comment: I am still bearish on this pair.
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any updates from this pair sir?still valid to bull?
+1 Reply
There are no bullish moves mate its corrective move to the upside keep watching breakdown is possible. wait for my update mate
Reply
Najib13th Wave-Trader
thank you sir.hoping and waiting for your updates on this pair.
Reply
I still think USD/JPY will reach 98~ before it go long.
+1 Reply
Very possible mate Good Luck
Reply
This pair is ready to go up! :)
+1 Reply
Not yet keep watching for price action on bottom line ya it not ready yet.
+1 Reply
fxfxfx Wave-Trader
OK, thanks for the advice.. We will see on Monday. Have a nice weekend Wave
+1 Reply
My pleasure mate cheers.
Reply
arshadd Wave-Trader
Sir would you mind , sharing ur one strategy to enter the trade, please with rules sir.
+1 Reply
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