Wave-Trader
Short

GBPJPY Sell breakdown

FX:GBPJPY   British Pound / Japanese Yen
3352 10 84
I am expecting breakdown of this bearish flag . In case price do no breakdown and rise to the upside i will look for change in pattern.
Comment:
snapshot
Comment: Watching price action under trend line.
Comment: Price has broken up after hitting the bottom channel line. I am still bearish on this pair and watching price action under bigger channel line if price breakup i will look for change in structure and pattern.
snapshot
Comment: Unfortunately corrective flag did not breakdown. But price is still in down trend.
Comment:
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May be it`s a bullish impulse? And we should buy this pair?
Reply
agreed

Reply
ChrisMark ChrisMark
B tail at 0.618 , body still in 0.50 , so i consider that as a bat
+1 Reply
we call this entry before breakout mate. i am agree with your analysis mate good job.
Reply
Nice
Reply
Thanks
+1 Reply
If pattern like this we have no choice....I agree mate !!!

Thank again for your good idea.
+1 Reply
Wave-Trader PRO sakseeda007
Good Luck mate.
+1 Reply
good idea i agree with you ,
+1 Reply
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