dojitrader

4th Time Charmer ????

Short
FX:GBPJPY   British Pound / Japanese Yen
296 views
6
Can't say I've ever seen a pattern quite like this.
The only thing for sure is it looks very corrective and
overlapping - not impulsive.
So, thinking the downside trend will resume at some point.
Maybe at a Butterfly and another 1.272 extension and measured moves
plus, it's showing 7 swings for a possible double 3 in EW ?
All within parallel channel lines . . . (will it hit the top again?)
Well, I'm thinking this needs tight stops that only the candletitcks
can provide, though, might have to reenter for it could be a BIG trade.
The daily chart points to 1000 or more pips ?
Uh Oh ~~~~~ my mouth is watering and that is never a good sign.

Comments

what i see iare these charts:

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