IvanLabrie
Short

GBPJPY: Waiting for the perfect short

FX:GBPJPY   British Pound/Japanese Yen
As the title describes, I'll publish a suggested short entry once my setup confirms.
For the time being observe the price action and how the selling is outweighing the buying on each swing.
This is inherently bearish , and to make things worse for the bulls, Tim West's proprietary indicator RgMov is plotting new lows and a strong downtrend on the daily chart , ahead of price which is currently ranging. The weekly chart shows intense coiling, which will eventually lead to an explosive move to the down side.
I'll update the chart with entry, exit and stop loss values once it confirms.
Cheers,
Ivan.
IvanLabrie PRO IvanLabrie
Whoops, wrong clipboard data...haha.

Was trying to post this:

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IvanLabrie PRO IvanLabrie
0 rush to cover my short.
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snapshot


Potential top is in. Time expired after target exceeded in the last time at mode uptrend signal.
Looks like wave 1 extended, leaving us with smaller waves 3 and 5, with the 5th having to be smaller or equal to the 3rd as a requirement for this scenario to be valid.
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Perfect short is here, if you look at the daily chart, you'll see how price moved away from the fair value area I've drawn in my charts.
I jumped the gun and market sold, and also have a retracement scale in order ready.
Can be a 500 to 11000 pip move.
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IvanLabrie PRO IvanLabrie
1100*
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IvanLabrie PRO IvanLabrie
snapshot
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GcNaif MOD IvanLabrie
lovely its moving as planned . great work Ivan
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Watching for an entry short.
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Same as AUDJPY, monitor this one for a short after this week's action.
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