GBP/JPY BULLISH 2618 + ABCD

٢٣ يوليو ٢٠١٨

Previously we've seen a double bottom form and the neckline has since then been broken. This means a 2618 trade is in alignment. Price has formed a high at 149.331 and has now retraced to 145.907 which is our 61.8% Fib level. I take aggressive approaches to these trades, so i had buy orders set directly at the 61.8% level and now we look to take profit at 150.00 major large quarter point which is a strong level of resistance, and 150.800 is also another take profit level at the -27% fib extension. This will complete the AB=CD pattern too.