Ending Diagonal finishes the upmove Short

FX:GBPJPY240

British Pound/Japanese YenFXCM

Description

⋅ Jun 2, 2015 10:42 AM

Everything on the chart. Maybe it gets a little higher.
Two possible trades.

SL above previous high.

Good luck!

Comments

Sokow

⋅ Jun 14, 2015 3:47 PM

Updated trade plan ...

Entry at 188 ... SL at 192.2 ... TP at 174 => CRV 3.33

Sokow

⋅ Jun 12, 2015 6:17 AM

First it developed very well and then ... surprise! So now its time for an update.

Im going to reopen my position if we reach the midpoint of the last wave (5).

Intraday:

Daily:

Sokow

⋅ Jun 8, 2015 5:55 PM

Retest of the trendline. We should break previous low to confirm the downtrend.

ElPatron.Y

⋅ Jun 9, 2015 10:06 AM

Looks like we nailed it my friend!

Sokow

⋅ Jun 9, 2015 10:18 AM

First target hit. We should fall much lower. Target is at least 187.

Sokow

⋅ Jun 8, 2015 10:50 AM

We already broke the trendline and fell below small 4 (in green), we have to close below the small 4 to confirm the signal.

ElPatron.Y

⋅ Jun 7, 2015 10:24 PM

I like bigger pictures, weekly shows bulls get tired.

ElPatron.Y

⋅ Jun 7, 2015 10:27 PM

4h-tf shows rsi made a bearflag and also potential bearish div in macd (also rsi), with a rising wedge in price.

PriceActionTrading

⋅ Jun 5, 2015 3:52 PM

Nice wave counts. Any updates for this pair?

Sokow

⋅ Jun 5, 2015 3:57 PM

Thank you!