GBPJPY Shark riding longs

FX:GBPJPY   British Pound / Japanese Yen
After Shark pattern reached his 0.50 fibo level for completion to the downside we can see GBPJPY making perfect move for retracement ending in another shark pattern for longs. buy this pair right to the 0.50 fibo retracement
Trade active: Pattern still valid, GBPJPY structure follow to touch the 1.13 when the shark pattern best entry possible get generated, now we can see several rejection candles in that area and prices looking forward for higher level of structure

Trade active: SO this pair had his difficulties to find hs way up but finally did, after price consolidated for a while in the 1.13 fibo level a minor shark formation was made and is already complete

Master que esta pasando con las libras? subiran?
+1 Reply
Hey mate, from what I've learnt, D point should be 224% max of AB... (between 161.8% and 224%). Here it is 230%... Is this shark really valid ? :)
dakkid dakkid
@dakkid, do you think it's still active with this 230% extension of AB and the lower highs ? :)
Beto, con la caída de ahorita, sigue valido el shark?
btocastillon Badi_Abud
@Badi_Abud, si, sigue siendo válido el patrón para continuar en compras, actualizo idea con posible sl en un momento
Badi_Abud btocastillon
@btocastillon, muchas gracias!!
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