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BSVCF
Mar 19, 2016 6:00 PM

GBPJPY - End of Correction then Next Move Down. Short

BRITISH POUND / JAPANESE YENICE

Description

Following the breakdown of the short term up-trend, I am expecting a continuation of the down-trend beginning with a small short trade on the 15m timeframe once correction completes. I have removed all indicators and counts from the chart.

Comment

Correction ended sooner then expected and moved to target. I took trade after the small consolidation that happened just after the trend line break.

Trade closed: target reached

Comments
FluidicFX
Thanks, looks like a prime trade (maybe lots more downside)
NHTG
Nice chart, it's clearly presented. Lets see how it goes!
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