Bearish wave has lost momentum

I am expecting bullish breakout on GBPJPY. It seems to me that bearish wave has lost momentum and forming a bearish flag against the bullish impulse. In case price break down the recent lows then it will invalidate the idea.

评论:

Bullish momentum is not strong enough break down is possible sell on sharp break

评论:

We approaching to the ideal sell place

评论:

So far price is moving according to my prediction. I am expecting ABCDE triangle. once price hit my D wave then i will look for E wave. In case price breaks up then i will look for Flat ABC. Here is the update.

评论:

评论:

I am still bearish on this pair.