GBP/JPY Long-term sell opportunity The most appealing option for me in this pair is to make another big move down to finish a large flat pattern.
The reasons I believe it might happen are the following:
1. The top of wave A has not been broken
2. The pair has made an impulse down near the top of wave A
3. The wave B has three waves inside
If you have a tested strategy, wait for a correction and sell.
Fractologybiz
Long-term EUR/USD bearish forecastEUR/USD is about to finish its move up and any bullish opportunities might be very limited. On the other hand I suppose it could start a big move down either to test the bottom or make another low.
This is necessary to complete the five wave structure down and probably start a correction of bigger degree up.
The structure itself is very complicated and requires an understanding of wave patterns.
Long opportunity for USD/CHFThe whole move in the ellipse area tells me that this is a correction of the previous upside impulse.
This brings me to a conclusion that you need to take each corrective pattern breakout to be on a winning side.
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