Long on GBP/JPY for correction wave 4.
Last 3 waves move (wave 3 was also 5 waves move down) now its time for at least correction wave 4. But this move down also could be ABC - where C was 5 waves move down.
SL is bigger than it used to be - 20pips but position is also smaller.
SL below low on 128,855 open.
Situation on D1:
After big 5 wave move up we are probably on ABC correction.
Top of wave B zone is marked on blue. This is also bottom of wave 1 of move on H1 - so it should be maximum of correction .
Anyway if move down was also ABC - B can go little bit upper- and than we will have wave C down and i expect it to be strong one.
I have 3 position on GBP/JPY - 3rd was opened on 128.910
Well i was stoped out by short breake. It happens. Anyway I still see long there. On D1 it can be continuation of wave A - but on H1 it should be at least 100pips move up - before down and bottom of wave A.
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