GBPJPY - Gartley long at the end of a 5 wave structure

6 Nis 2016

Currently sitting at the end of a 5 wave structure, so at least ABC correction is likly. that will most likly bring us up into previous resistance since the B wave is very deep anyway.
however its also possible we will start a bigger upmove now, so i will keep 1 half for that. make sure to bring your stops to breakeven once we approach the blue trendline, since we dont wanna see the market bounce of of that

6 Nis 2016

Not

Here the reasoning behind TG2

6 Nis 2016

Not

the white box and TG1 should be alittle bit lower by the way. just the retest of the A point. dunno what happend there