Possible SHORT on GBPJPY; creation of Bullish Deep Crab Pattern

2022年3月7日

Hello everybody!

So, after shorting on daily timeframe, and saving my ass on 4H chart :D I'm again for - shorting. Or buying JPY, whatever sounds better for you!

Thing is, at least how I see it, GBPJPY will soon touch Fibonacci 1.618 (around 144.38). When? Well, it's a billion dollar question. However, I'm convinced that it will happen in the next 5-10 days.
At that point, a Bullish Deep Crab pattern will be formed, and I'm already putting on alarm and pending orders for Buy Limit.

After it reached D-point, next targets are:
T1: X-point aka Fibonacci 1, around 149.50
T2: B-point aka Fibonacci 0.618, around 152.71
T3: this is hardly likely but you never know :D - zone between A-C-points aka Fibonacci 0 between 157-157.80

Let's ride together on these waves!

2022年3月7日

註釋

It's not Deep Bullish Crab, but ordinary Bullish Crab. My mistake!

2022年3月9日

註釋

Still waiting position to reach Fib 0.618

2022年3月9日

交易進行

Short position activated

2022年3月10日

交易進行

Short is still active. Today's price range is between 151.20-151.50

2022年3月11日

交易結束：達到停損點

Trailing stop loss reached early in the morning before UK data released.
I'm not trading this pair before Monday any more :)