Wave-Trader
Short

GBPJPY watching for sell

FX:GBPJPY   British Pound/Japanese Yen
5303 25 85
2 months ago
I am expecting breakdown.
2 months ago
Comment: As long as price will remain under the upper triangle line i am short on it.
a month ago
Comment:
snapshot
a month ago
Comment: Expecting continuation to the downside
snapshot
a month ago
Comment: I am still bearish on this pair.
GBPJPY Sell breakdown
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henryof
2 months ago
I do agree with you ,there is possible spike on 1h chart
Reply
Wave-Trader TOP henryof
2 months ago
yes lets see man.
Reply
morgand377
2 months ago
what do you think of the possibility of it going back up for another wave before breaking down? im in short right now but might switch if its going to go back up before the breakout. wanted to see what you guys thought before i bought
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morgand377 morgand377
2 months ago
actually now that i look at your chart again it looks like that bottom channel line you drew is acting as resistance. im not sure. im just going to hold onto my short position because its going to break down eventually.
Reply
Wave-Trader TOP morgand377
2 months ago
Explanation is there on the chart man
Reply
igordasilvapontes
2 months ago
I think in a up breakout in USDJPY... GBPJPY will go in the same direction, I think.
+1 Reply
Wave-Trader TOP igordasilvapontes
2 months ago
Possible. But i am i thinking that yen gonna get stronger.
Reply
ourbati
2 months ago
That candle on October 7 is not correct on my MT4 chart it goes down to 120.715????!!
Reply
morgand377
2 months ago
its going back up guys. im in long for this wave up and then will short it when it waves back down. i think its a possibility that it could breakout upwards so just be careful.
Reply
morgand377
2 months ago
wave trader i think your bottom line is a little off. it should just be a copy of your top line brought down to those 3 low points. cheers
+3 Reply
Wave-Trader TOP morgand377
2 months ago
Please may i see your bottom trend line.
Reply
morgand377 Wave-Trader
2 months ago
GBP/JPY wave up then SHORT
Reply
Fxtoronto PRO
2 months ago
wave-trader someone is saying your bottom line is off because he is long LMAO
+1 Reply
Wave-Trader TOP Fxtoronto
2 months ago
Thanks for support bro.
Reply
munirnadir
2 months ago
How i can add a chart in "Post Comment"
Reply
Wave-Trader TOP munirnadir
2 months ago
Look for the help sign on your bottom right side of your screen mate.
Reply
Dinkan
2 months ago
Waiting for the right time to enter. It seems to me that the newly developed high will break down soon. Thank you for sharing this chart.
+1 Reply
Wave-Trader TOP Dinkan
2 months ago
Yes it is possible mate Good Luck mate.
Reply
ummuhijrah
2 months ago
be carefully because 1 hour market rangging this week...good pattern
+1 Reply
Wave-Trader TOP ummuhijrah
2 months ago
Always be careful bro.
Reply
morgand377
2 months ago
i'm short with you guys after this wave but i've got some good pips from this wave up. i think it will follow through as my chart shows. just giving you guys some perspective. feel free to disagree, just be careful.
GBP/JPY wave up then SHORT
+1 Reply
Wave-Trader TOP morgand377
2 months ago
Agree mate thank you for sharing your chart Good Luck.
Reply
Masihh
2 months ago
interventions....
Reply
fxdemy
2 months ago
Is this ending diagonal pattern?
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Trader382
2 months ago
Nice finding. The most obvious wave pattern to form though, would be a fifth wave E upwards in your descending triangle after the D wave. The a breakout downwards should occur (based on established theory). It would as well be smart to look at the pattern of one larger degree to see which wave the triangle is forming in, as they should only occur in positions prior to the final wave.
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