GBPJPY Short for 200 pips

3 Ara 2018

2 daily bear candles
We're in the final wave down to complete wave 5 of c of wave B of wave 2
Noticed a triangle pattern which is found usually as a wave 4 so this would confirm the view that we're heading lower at least short term
Will look to sell short between 145.30-145.70
Take profit should be around 142.20-143 level
Stop should be just above wave c (145.90 level), end of the triangle where count is invalidated

3 Ara 2018

Not

Here's a lower time frame shot - wave E could already be completed and we go down from here

3 Ara 2018

İşlem aktif

Order triggered at 145.40 and saw an immediate drop of 130 pips. Unfortunately has retraced a lot but it could just be a retest of the broken triangle trendline. Good place to add a short if we get a solid 15 minute bear candle

5 Ara 2018

İşlem elle kapatılmış

This played out perfectly. Unfortunately for me I saw a 60 pip jump at 144 and got out when it retraced back to 144, just before it spiked down into my Target area. Lesson for next time Is to just let the trade play out