IN THE SHORTER TIMEFRAMES IM EXPECTING GBP JPY TO GOUP TO THE 50/61.8 YELLOW DAILY FIB. AFTER THAT A BIG MOVE DOWN WILL BE SEEN I WILL ENTER A LONG POSITION NOW
BUY LIMITS WERE SET AT THE 50% FIB LEVEL THE TRADE IS ACTIVE. You can still jump on now or on that break of that mini falling wedge which serves as a corrective structure of the previous impulse.
Price broke out of minor structure and now im anticipating a retracement
WAITING FOR PRICE TO RETRACE BACK TO 50/61.8 FIB LEVEL AND WILL THEN LOOK FOR A BUY.
Price is in a major corrective structure.. a mini wedge pattern inside the corrective structure looks to have been broken expecting dollar bulls up untill 95.000 price. Will still be cautious though on a long bias on dollar pairs as that 95 level has proven hard to break. I am expecting a break of that 95 level than price should come back to retest it and a...
