Update: GBPJPY - Still Falling! But Slowing. Corrected Count.

FX:GBPJPY   British Pound / Japanese Yen
601 0 14
Sterling weakness combined with Yen strength driving this downtrend. Powerful wave ( iii             ) that has exceeded even my expectations has caused me to readjust my wave count yet again. Here is the short term wave count on this pair that I now am operating from.

Two POTENTIAL crabs are in play here. Crab #1 near to completion and is right near the 2.618 extension of the wave (i). Wave ( iii             ) should end there.

The crab #2 should mark the end of the larger wave ( III             ) which is also near to the 2.628 extension of the larger wave (I).

If you see a fractal relationship here, you would be correct.

Complete re-analysis available on my website for subscribers only. Go here: http://goo.gl/TMZOm8. To subscribe, go here: 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!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out