Bearish wave has lost momentum

18 Ağu 2016

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.

29 Ağu 2016

Not

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

1 Eyl 2016

Not

We approaching to the ideal sell place

5 Eyl 2016

Not

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.

22 Eyl 2016

Not

1 Kas 2016

Not

I am still bearish on this pair.