Bearish wave has lost momentum

2016年8月18日

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.

2016年8月29日

註釋

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

2016年9月1日

註釋

We approaching to the ideal sell place

2016年9月5日

註釋

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.

2016年9月22日

註釋

2016年11月1日

註釋

I am still bearish on this pair.