GBP JPY forming an bearish set up according to Elliot rules, which I have shown in the chart .Fundamentals may Support .please note this if fundamentals support this Elliot structure then +4000 pips will be in your hand as corrective wave It could take a some time may be,but as daily charts have maximum probability of correct predictions we are getting entry short point here at this level if GBP JPY goes above 145 then it could be break of this structure.
By this way Elliot have offering you +800,+1400 and last wave up to +4000 pips .you need patience for this trade and you have to be cautious also .and well proper monitoring also .
Entry Entry for short is below 139 for all this trade after breakout confirmation .
Exit during all you need to add monitoring your trade .and according to my experience this trade have +90% of success .
So swing traders would not miss this opportunity .
Currently I personally have not shorted but will enter short after confirmation.of my setup .
Otherwise i will keep updating this trade one of my sharing platform listed in my signature .
If you have read this article then thanks a lot .Wishing you best luck for your trades .
Regards , Dipak Z.
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Soon to take short in this sell stop is still didn't get a hit ,entry I will be looking near 141.50 for short
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Trade activated successfully sell stop hit, risk is minimum 142.50 Take profit 1st 137
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Stop loss moved at B.E /entry short 141.60 now it is trading at 141.20
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profit locked and stop loss moved 141.20 Locked +80
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stop moved at 140.99 pairs is at 140.70 +100 pips locked
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10% closed gaining 90 pips on short
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remaining positions closed gaining 100 pips on gj
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Long term target still remaining this chart will remain active lolz
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Opened GJ short again At 141.03 with 20 pips stop loss
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Try to target 140.10
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-20 stop reach on spike news effect
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shorted again 141.30
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Stop loss at entry
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Gaining 120 pips i closed this trade Congrats
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Need for trade trade to reopen as we have seen break out but have to wait for monday or tuesday market .
@iSummer, WHat to do bro English is not my native language .. :) but glad that you noticed my Title at least . Keep Laughing Best of luck .
iSummer
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@Dipak___Z, hope your idea plays out, I just don't know much about Elliott Waves. Cheers.
Dipak___Z
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@iSummer,not your Fault bro..,Cheers. next I would explain about USDJPY w.r.t Elliot and will try to prove it nicely with specific fundamentals ,Cheers and they you could multiply your fun and laugh over it loudly ,