The GBPJPY is in a daily corrective structure, it is making a C wave up trend. I am looking to buy the break out of this consolidation . I will not enter a sell UNTIL IT BREAKS THE UP TREND AND CONSOLIDATE.
Trading against the trend is dangerous. Trade with care. Use a tested strategy. Follow me for more update.
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Still looks like one more up for the completion of the cwave
Anil...not exactly what we expected having been a few hundred dollars down and worrying a bit about the buy signal...but i will take it now..good work
Koryphaeen
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I agreed previously to your idea of getting long on this pair, despite of other ideas posted here by others. I think it will move higher until it completes one of the following patterns (Gartley or Bat, I'm not decided yet which is of better performance in this case because it really is at limit between Bat or Gartley according to my trading rules, but I will analyze the PA at the Gartley completion point to decide whether to get engaged or wait for the Bat) and than we will see a decline: