Bearish wave has lost momentum

18 באוג׳ 2016

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.

29 באוג׳ 2016

הערה

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

1 בספט׳ 2016

הערה

We approaching to the ideal sell place

5 בספט׳ 2016

הערה

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.

22 בספט׳ 2016

הערה

1 בנוב׳ 2016

הערה

I am still bearish on this pair.