farid_ardavani

GBPJPY short set up, now or later?

Short
FX:GBPJPY   British Pound / Japanese Yen
Bat pattern .
ending diagonal pattern (in the C wave)
divergence.
there are resons a trader can short the pair now.
waiting for break of 2-4 trend line (red one) is a conservative approach.
but dont forget, there is a possibility for more upward moves for completing C wave of ABC .
so if you enter right now, your stop must be upper that levels of completion of C wave.
for more longterm views, check out related posts.

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