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British Pound / Japanese Yen

abcd GBPJPY

By tbolognesi13
Updated
Possible abcd pattern formation. If we break it goes to target 1.272 fib extension then it could be supported by the weight of the sellers. Otherwise if we do not break resistance we expect some signal to go short, this invalidates our ABCD
Note
for me this is a little bit pullback before the continuation of trand so i put a sell stop under the yesterday low snapshot
Note
the continuation of trand it' failed so put a sell stop under the previus swing it was a good idea now menage the position snapshot
tbolognesi13
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