dojitrader
Short

4th Time Charmer ????

FX:GBPJPY   British Pound/Japanese Yen
292 1 5
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.
farid_ardavani
a year ago
what i see iare these charts:
GBPJPY 4hr sell setup

GBPJPY short set up, now or later?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out