GBPJPY Wedge - Short idea.
GBPJPY wedge short idea.
Continuation of descending channel.
Long term consolidation - rounded bottom. Some choppy price action to follow with an eventual upside.
Possible 5 waves up.
I'm slightly long biased on this as world markets have been rallying and the yen strengthening has been a bit over done.
Flat type correction after big sell off, consolidation before the next move lower.
Long way down on the daily, in a steep descending channel.
Ascending channel, slight rounded bottom, higher highs, higher lows.
Trend is your friend. More down side for NG.
Failed fifth wave could be on the cards.
Short term sell opportunity.
Wedge short opportunity.
Risk aversion (Yen Strength) in the markets and QE (Euro), great fundamentals.
Long term bear wave analysis projection.
A, B, C corrective wave completed. Continuation of bear trend.