Carl_G
Short

GBPJPY LONG TERM FORECAST

FX:GBPJPY   British Pound/Japanese Yen
267 4 6
The world as we know it is coming to an end in a few years time, between 2017 - 2020 to be more precise according to top forecasters and analysts. JPY will most likely be the second currency to collapse, after EUR. Already EUR have begun to crack and will soon resume its downward trend against the US which will be the 3rd currency to collapse. 2016-2017 is the setup year and its clear all over the charts for anyone who truly understands the world economy.

On the chart above I am expecting GBP/JPY             to gain further momentum to the downside as leg nr 2 is bigger than leg nr 1, after a pullback that is. I am looking to potentially add positions to my already short order once price pulls back to the secondary support curve (R2), but only is there is a clear reaction and/or indication to do so. If not and price continuous up to the Primary R1 Curve which will be a much better price to go short- obviously, any indication that the curve will contain and hold price - will be a great time to go short as price will most likely than not reach current lows after a pullback have taken place.
MIDAS Trading Tools for MT4 is available to download at https://www.mql5.com/en/market/product/17546#
coondawg71 PRO
9 months ago
Great chart, do you use Midas on a regular basis?
+1 Reply
Carl_G coondawg71
9 months ago
Thanks, yes always :)
Reply
coondawg71 PRO Carl_G
9 months ago
Nice! I have the book. I am a regular user of Vwap for intraday, intraweek analysis myself.
Reply
Carl_G coondawg71
9 months ago
Great ! Its not too many that are familiar with MIDAS, nice to hear from someone who is :)
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