This was the chart from that post:
Looking at the main chart above, you can see what happened. From that chart I posted to now, prices dropped again just as predicted.
On March 29th, I posted a SHORT trade for this pair on my site to my members to SELL@162.127.. Shortly after that trade suggestion, prices just DROPPED again! I closed out that trade @158.870 for a total banked pips of +873 pips. Why did I close it out? Because I am expecting a retrace. And not knowing how large that retrace will be, I decided to just bank the pips and wait for another chance to to sell for a further drop as per my chart.
If I were to miss the continuation of the drop, I would wait for prices to break the support structure that is currently holding prices up, go down some and retrace back up to it in a support turned resistance price action to sell again.
My subscribers got this trade as well as several others in GBPJPY this past month that racked up over +1900 pips and over $19,600 in profit this past month alone! Did you get those results? If you didn't, you could have. Just by subscribing. Want more analysis and trade ideas on this and other pairs? Simple. Go here to subscribe now and don't miss the next great trade! Go to: http://goo.gl/qRNGsF
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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