4/05/2012

15:40

End of down trend on GBP/JPY?



A = C
Price retrace almost in point from 100% of wave A. There is signal on H1. Now i will wait for some clear correction on 5minute chart and buy signal and i will open long.

Down trend is strong - but in long term trend still is up.

Potential of this move can be really big.

16:45 GBP/JPY long 130.350  SL 130.240

17:20 SL -10pips. Im waiting for bigger correction and re-enter of position on GBP/JPY

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