GBP/JPY ABCD Pattern - JPY to continue to strengthen.

2015년 12월 9일

Ever since the DXY on the 1 hour chart had broken the 200 SMA, I've been trading short JPY. As expected, GBP/JPY has fallen, and now the expected retrace is happening.

I expect price to rise to 185.00 and then for JPY to continue its march forward.

NOTES:
- JPY strengthening
- USD weakening
- Whole Number (185)
- Approaching 200 SMA
- Previous area of support.

Good luck from the land downunder.

2015년 12월 10일

액티브 트레이드

PRZ was correct....

For now, I'm selling the low's and patiently waiting for price to retrace before buying again.