GBP/JPY SHORT, YES STILL LOL_11:11

2 Ara 2016

Ok I am certain what is unfolding here is a Zig-zag pattern which is the 5th wave of an elongated triangle formation. This Triangular formation is bearish! After completion of wave-b of the The Zig zag wave-c will be either Normal (0.618 from wave-a end), Truncated (less than 0.382) or Elongated (between 1.618-2.618) After this the zig Zag will retrace the whole pattern between 80%-100% which will be the actual terminal impulsive wave-c before the real trend wave-1 Impulsion.

This Zig zag ends wave-b of a correction phase and the push out marks wave-c so on completion of wave-c of the larger correction the real shorts begin!.

LONGS the drive out of this Zig-Zag is your only way out. Longs at 145.192 and above are probably doomed on a long term basis!...

6 Ara 2016

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