FX:GBPJPY   British Pound / Japanese Yen
119 2 10
How amazing is trading ... sometimes gives you a failure and some other times joy ... How much work we do, all of us, as a trader to understand the market and what the next move could be .... sometimes the clue we have are not enough some other times are wrong to make our decision, but I believe we all LOVE this.
What I think is that the downside on the GBPJPY             is in play, the pattern has changed in the last couple of days and now I more thinking is an Expanding Triangle, Wave "e" just overshoot the pattern and is testing the 61.8 Fibo of the last impulse. But hey ... this is completely fine, study also says that this happens more often than not. Of course, only the time can tell me if I am correct in this analysis, the learning curve is steep.
In the meantime ENJOY TRADING guys ...... Let me know what you all think about I am interested to see the view of the other Waves Trader.

https://telegram.me/FTTForExGroup
Comment:
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Comment: Wave "e" has been completed and if I am correct this is the start of the move down again
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Comment: I will enter the trade on the break of this 1Hr flag ....
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Trade active:
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Comment: So far so good!
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Trade closed: stop reached: Trade closed at BE.
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Interesting description and nice idea, Thx.
Reply
@HACP, Thanks appreciated
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