GBPJPY Trades Update: +860 pips On 2 Trades. SUPERTREND Coming?

From when I posted this trade analysis 3 days ago to now, from where we entered our 2 LONG trades to where it is now, one trade is in profit by +455 pips and the other one is +405 pips for a total of +860 pips on a straight lot trade. We are up +3500 pips in our actual trades.

Prices are near to the end of this wave (iii) soon but still have one more move up in the wave v of (iii). Also, it has not yet filled that POTENTIAL Bat. When it does, that will be another good reason to take profits if you do not wish to suffer through a wave (iv) retrace. After that bat completes and the wave v completes, then we should be seeing a retracement in a wave (iv). But I don't view this wave (iv) as necessarily a deep retrace. But regardless, by this being a wave (iii) and a retrace coming being a wave (iv), that means that we have NOT seen the top here! There is a wave (v) yet to come if my wave count is correct. In fact, in my LONG TERM analysis on this pair, we will be seeing MUCH, MUCH higher prices ahead. This folks, has the makings of a SUPERTREND forming and if correct, we are in on the 1st floor (didn't catch the bottom so not the ground floor!) of that POSSIBLE SUPERTREND.

To see my FULL ANALYSIS on this pair and see what it is I am seeing for this pair in the next weeks, go to my website and see my post on this pair: (P) GBPJPY: Alt Wave Count Is Becoming More Relevant. Could Portend HUGE Move! (subscription required).

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