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kristijanslatinsek
Oct 18, 2020 3:43 PM

GBPJPY Watch for sell Short

British Pound/Japanese YenFXCM

Description

Hi trades, Keep your eyes for GBPJPY to complete running flat then continuation to the downside.
Comments
Mayfair_Ventures
seeing the same thing. key level around 85. However low volume node around 137.17 so could fake out up there before a drop. COT data still all short that lines up with the 4-5 Elliott wave daily outlook. So all looking good for this!
kristijanslatinsek
@Mayfair_Ventures, Could be nice trade (Y)
Mayfair_Ventures
@MasterYodaFX, yes that would be. We are using software called advanced get. It paints the elliott waves. So it's interesting to watch the key levels being pipped and going. Combine it with institutional money flow and you can see where retail money will fall short. I think if it drops here we could go as low as a 132 potentially as long as it takes out last weeks low then it's down a long long way.
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