GBPJPY possible contracting flat

11 May 2017

Good morning guys its very early in Toronto so might as well start the day with a very big trade that might happen either this week if not then the coming week. Price has to tag the top in order to finish its correction. However a contracting flat is also possible in that case price would not retest the high. Entire move is a correction as we can see below

Hope you found this helpful
Alisha

11 May 2017

Not

Price just broke the channel but wait for a flag before selling because a flag will confirm the downtrend

23 May 2017

Not

Move stops into profits guys :)