FullTimeTrader
Short

GBPJPY- ABC STRUCTURE FORMING

FX:GBPJPY   British Pound / Japanese Yen
1088 24 29
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).



Trade closed: target reached: All targets reached
Nice trade! Do you think there will be a pullback?

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Can you please express your opinion on USDCAD here? A chart would be great. Thx
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Great chart except for the 185* round number :)
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Thanks already corrected it. Regards.
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BLKS imranafzal4
ya, if it break down most probablysame thing will happen for usdjpy
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yep agree
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BLKS imranafzal4
seem like break out is failed
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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
ya... we can have another short at retracement to 0.618 or 0.786
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