FullTimeTrader
Short

GBPJPY- ABC STRUCTURE FORMING

FX:GBPJPY   British Pound/Japanese Yen
1068 24 28
a year ago
This pair is forming a series of corrective structures (abc or wxy).
It seems price now is developing one more abc structure, price is currently at wave B

Details on chart.

More reasons:

- ema 200 as resistance
- convergence - divergence setup
- round level 185.000 as resistance

Best regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).



a year ago
Trade closed: target reached: All targets reached
BLKS
a year ago
snapshot
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FullTimeTrader BLKS
a year ago
Thanks for your comments, corrective structures could be complex, lets see.
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BLKS FullTimeTrader
a year ago
welcome+)
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imranafzal4
a year ago
thank you very much bro for sharing with us same views on it
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imranafzal4
a year ago
snapshot
+1 Reply
BLKS imranafzal4
a year ago
ya, if it break down most probablysame thing will happen for usdjpy
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imranafzal4 BLKS
a year ago
yep agree
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BLKS imranafzal4
a year ago
seem like break out is failed
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imranafzal4 BLKS
a year ago
its not gonna break today its gonna break tomorrow just keep eye on day close where does it close today it is important
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BLKS imranafzal4
a year ago
ya... we can have another short at retracement to 0.618 or 0.786
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imranafzal4 BLKS
a year ago
i dont think so it will retrace to that level any time soon because pressure is very high but let see how it will close today
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BLKS imranafzal4
a year ago
the reason i sat like that is because i expecting a gartle pattern to be form.
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imranafzal4 BLKS
a year ago
can you post your idea please
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BLKS imranafzal4
a year ago
sure
snapshot
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imranafzal4 BLKS
a year ago
it is possible let me show you my opinion
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imranafzal4 imranafzal4
a year ago
snapshot
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BLKS imranafzal4
a year ago
yup, i agree with it, it have a chance to hold on the air befor breakout
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imranafzal4 BLKS
a year ago
i think break expected today
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FullTimeTrader imranafzal4
a year ago
Same view. Regards.
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imranafzal4 FullTimeTrader
a year ago
thanks
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anudora
a year ago
Great chart except for the 185* round number :)
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FullTimeTrader anudora
a year ago
Thanks already corrected it. Regards.
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UNLIMITED
a year ago
Can you please express your opinion on USDCAD here? A chart would be great. Thx
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Piet.Hein
a year ago
Nice trade! Do you think there will be a pullback?

GBPJPY Daily Channel Breakout
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