GBPJPY Short after monthly level break

13 Ağu 2018

Still seeing bearish sentiment with a clean monthly level break, looking for a short bull run for a retest of this monthly resistance, trendline line, and 61.8%-71% retracement level, forming the 4th leg keeping in mind the rule "if wave 2 retraces a little, then wave 4 will retrace a lot" - before bearish continuation. 130 pip risk for a 640 pip reward.