GBPJPY - No more long trades on this pair??
Updated
May be there are no more long trades on this pair left for coming years. Although the retracement is little less than 61.8%, but on the other hand, red trendline is also broken but still there might be one pending leg up. IMHO, most probability goes for Bearish trend because there is nice bearish divergence on MACD as well.
(This is Monthly time frame chart, good for long term perspective only ! )
(This is Monthly time frame chart, good for long term perspective only ! )
Note
Very nicely fell and finished first free fall. Ready for correction upwards...Happy trades.. :)
Note
Hi guys. Long time, no see :)Its been three years we are following this pair and look how nicely it follows the Elliott Wave track. Take the trades with your own strategy but keep in mind the title i gave to this trade idea "No More Long Trades On This Pair".
Happy trades :)
Note
Hi guys. Long time, no see :) Its been three years we are following this pair and look how nicely it follows the Elliott Wave track. Take the trades with your own strategy but keep in mind the title i gave to this trade idea "No More Long Trades On This Pair".
Happy trades :)
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