Hello Traders. Back on June 8 i predicted GBP/JPY downtrend was coming and now 2 of my 3 profit target have been hit and market is still bearish so i expect my 3 rd profit target will be hit as well. What i can see on this 30 min Chart, since market started bearish back in June 5th it's a double corrective pattern combination labeled WXY where W is the first corrective pattern (Zig-Zag) separated by an X and Y the second corrective pattern (Expanded flat) Expanded flat wave B a little bit longer than wave A and wave C end further than the beginning of wave A. Wave C is subdivided in 5 waves. My target for our last waves are 133.000 and 132.000 (see Fib levels on Chart) Thanks and please share your comments
Trade fechado: objetivo atingido
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start looking for buying opportunities now
Trade ativo
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Bearish head and shoulder pattern formed . Expect downtrend to continue