Bearish wave has lost momentum

١٨ أغسطس ٢٠١٦

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.

٢٩ أغسطس ٢٠١٦

ملاحظة

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

١ سبتمبر ٢٠١٦

ملاحظة

We approaching to the ideal sell place

٥ سبتمبر ٢٠١٦

ملاحظة

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.

٢٢ سبتمبر ٢٠١٦

ملاحظة

١ نوفمبر ٢٠١٦

ملاحظة

I am still bearish on this pair.