Wave-Trader
Short

GBPJPY This pair is at nice sell place

FX:GBPJPY   British Pound/Japanese Yen
7088 80 109
I am expecting short under trend line . In case price break up then i will look for change in pattern and structure.
Comment: Hi fellows, please be patient here is the update and level which price can test.
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Comment: I am still short on it also price showing some nice price action on lower time frame. we have seen impulse on 1hr time frame if price break that impulse up and violate that impulse then we will look for new impulse.
Comment: Price still in the structure here is the update clear breakup will change the pattern and structure.
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Comment: Price holding top watch for breakdown if price do not breakdown those who are in the short they can close on break even and look for sell again from top.
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Comment: price bounced back from the pattern line but price still in t the pattern i am still expecting price gonna fall to the downside
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Great Job teacher :)
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Wave-Trader TOP Wave-Expert
@Wave-Expert, Thank you very much for your feedback mate
+1 Reply
Thanks for your webinar, its really help a lot. Looking forward to your next video :)
Its amazing!
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@Ching2401, Thanks for your feedback mate.
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NICE CHART!
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@JoeyycC, Thank you very much mate.
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fxmoneycontrol Wave-Trader
@Wave-Trader, good chart,news in few mins ,that may to ur technicals to drag down gbpjpy
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Wave-Trader TOP fxmoneycontrol
@fxmoneycontrol, Which news mate i dont know about that news would you tell me which news will drag down this pair thanks in advanced.
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fxmoneycontrol Wave-Trader
@Wave-Trader, gbp news and usd news all over,all gbp pars came down gbpaud and gbpusd,but not GbpjPy ,I am in see at 135.30and 135.08, let's hope for down break and continue till 132 1st
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Wave-Trader TOP fxmoneycontrol
@fxmoneycontrol, it will but i think after hitting your stop mate good luck dont use tight stop when price is in trending.
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Nice chart Sir!!
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@saidev99, thanks you very much DEV
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hi, how do you still see the bearish reaction ? below the channnel?
+1 Reply
Wave-Trader TOP allangarciaperez
@allangarciaperez, yes i am bearish mate. strong breakout will change my structure and if then i will look for the change in pattern and structure.
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dangerous move up, hope not break
take this trade for sell
+1 Reply
Wave-Trader TOP dannydegrote
@dannydegrote, nothing gonna happen sir structure is far away from this move at the end it will fall like waterfall.
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dannydegrote PRO Wave-Trader
@Wave-Trader,
thanks for your reply mate.
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Wave-Trader TOP dannydegrote
@dannydegrote, My pleasure sir good luck
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i agree ,good work mate .i got at 135.400 lets hope see the waterfall
+1 Reply
Wave-Trader TOP Guillermo87
@Guillermo87, thanks mate cheers.
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just a question, what makes you think that this pair will fall? are u counting on JPY or GBP? dont you think it might climb up to 138.35? would appreciate your feedback.. thanks
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Wave-Trader TOP FXPRO_TREND_TRADER
@FXPRO_TREND_TRADER, based on structure and based on pattern mate.
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BeFX FXPRO_TREND_TRADER
@FXPRO_TREND_TRADER, Did You see the indicators?
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@BeFX, which indicator are you referring to?
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dear ...this analysis now active ?
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rebound saadalielghobar
Good trade => will fall more
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@rebound, yup it will.
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Wave-Trader TOP saadalielghobar
@saadalielghobar, yes it is mate.
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hello admin
thank you for great analysis. 4H shows a down trend do you think good point to start sell 135,900?
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@mette, sell on impulse on lower time frame.
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mette Wave-Trader
@Wave-Trader, thank you for answer master,
Do you mean I have to watch for a quick impulse(1hour or 30 min.) then sell action?
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@mette, may i see your chart mate
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mette Wave-Trader
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mette mette
@mette, sorry dont know how to snap full screen
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@mette, no worry mate watch impulse on 4 hrs time frame.
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mette Wave-Trader
@Wave-Trader, Hello mate,
I have entered at 135,423 it is near structure is this a bull trap or what is your suggestion?
What about SL around 136,950?
Thank you!
+1 Reply
@mette, I dont think, it´s a bull trap. But I think, it might fall not below 134.
To me it looks like a revearsal, that should retrace and than go up.
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Subjugal Subjugal
@Subjugal, Sorry. I meant, it might fall not below 133.
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this pair give me stress :)
hitting this yellow line for days now.
+3 Reply
Subjugal dannydegrote
@dannydegrote, I think, it hits the line again and again because of big players hunting for stops. And maybe trying to get some more traders into bull trap.
It gives me stress too. Hopefully soon it will retrace :-)
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@Subjugal, i think its because of the usdypy rise 800 pips in 8 days!
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Subjugal dannydegrote
@dannydegrote, Agree. But it also seems like retracement of GBP to me. USD looks to me more bullish than GBP.
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nice setup sir.... thank you for update
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Thank you for the post mate. It looks like we are having a ascending broadening wedge pattern forming on H1 and we may expect a move to the downside soon.
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Thank you Sir, it is running now!
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Hello Sir,

next step?
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everyone should get ready to take shower in this waterfall !!
+2 Reply
i don't know, wait a little bit longer ore not
-300 pips now!
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Wave-Trader TOP dannydegrote
@dannydegrote, be patient mate trading does not mean you get into the market and market should start to move into your direction right at the way.
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dannydegrote PRO Wave-Trader
@Wave-Trader, i know mate, little bit scary due the strong dollar an weak yen
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mrhimsly Wave-Trader
@Wave-Trader, So that's mean GBP will down soon right?
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mrhimsly dannydegrote
@dannydegrote, 4 digit broker? That's mean 3000 pips, be patient mate the stream will change soon.
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@mrhimsly, -600 now
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mrhimsly dannydegrote
@dannydegrote, Yes, for some reasons GBP is spike today and volume balance of GBPJPY is rather to move up. It's different with GBPUSD.
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Wave-Trader TOP dannydegrote
@dannydegrote, sir it can go more than that ya because pattern completes there around 1.40500 even further beyond that.
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I agree with you for the trend identification with this pair, just one question mate: how do you put the trend resistance line.... because price may meet this line a little higher as charts shows below

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OK, this should be a bit clear, still about the trend resistance line mate. can you explain it ?
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i must say thank you very much..! i learn a lot from your chart / idea..!
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It has broken to the up side. Could you please update your view
+1 Reply
I guess we have to wait now to see how it will correct after this break up.
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I hasn't broken the top of the previous wave up, so might be a start of the fall, lets see..
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mrhimsly ukrapidexchange
@ukrapidexchange, Its not good, counter is danger better to wait.
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@mrhimsly, of course, I am never in the trade without a proper setup
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It breaks the trend line up! maybe change in the structure?
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usdjpy is in reversal zone
i have my fingers crossed
+1 Reply
Nice sharing, I am paying my attention on this pair
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may be im new
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Wave-Trader TOP Guillermo87
@Guillermo87, no no it alright mate
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Guillermo87 Wave-Trader
@Wave-Trader, my first idea its looking good ,ive been learning from you alot !thank you
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any update on this? as it has made new structure.
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@hash, Bigger wave gonna come to the downside mate.
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hash Wave-Trader
@Wave-Trader, Thanks sir.
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@hash, my pleasure mate good luck.
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snapshot

Tested 0.618 - Nice entry price!
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@StanLeee, there was flag which was broken to the upside ya and it can further push up and may form new high so careful mate
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StanLeee Wave-Trader
@Wave-Trader, Thanks for caring, Sir!
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Hopefully it will go down but this trade had been hit "SL" several times according to your charts. Furthermore it has still chance to move uptrend.
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Thanks bro for the update
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@mette, It broke the daily trend line and is no more valid to go short i goes
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