Following up from my prediction last week which resulted in 500+ pips, I'm now revealing my long term view for GBP/JPY. I'm expecting the Great Britain Pound to continue all the way up to 156.500 to complete this bearish shark pattern!
The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13
I'm still holding my position from last week with my stop loss in profit, I plan to continue holding it until we complete this shark pattern at 156.500.
i was also thinking long last week but i got out of my long for now. i think on the weekly time frame it looks like a bull flag to me and it will create one leg more to the down side to test that New demand created in January.
i sure will want to be long for the weekly impulse up
fxpro.ctrader.com/c/XXCgn