Possible SHORT on GBPJPY; creation of Bullish Deep Crab Pattern

Hello everybody!

So, after shorting on daily timeframe, and saving my ass on 4H chart :D I'm again for - shorting. Or buying JPY, whatever sounds better for you!

Thing is, at least how I see it, GBPJPY will soon touch Fibonacci 1.618 (around 144.38). When? Well, it's a billion dollar question. However, I'm convinced that it will happen in the next 5-10 days.
At that point, a Bullish Deep Crab pattern will be formed, and I'm already putting on alarm and pending orders for Buy Limit.

After it reached D-point, next targets are:
T1: X-point aka Fibonacci 1, around 149.50
T2: B-point aka Fibonacci 0.618, around 152.71
T3: this is hardly likely but you never know :D - zone between A-C-points aka Fibonacci 0 between 157-157.80

Let's ride together on these waves!

Commentaire:

It's not Deep Bullish Crab, but ordinary Bullish Crab. My mistake!

Commentaire:

Still waiting position to reach Fib 0.618

Transaction en cours:

Short position activated

Transaction en cours:

Short is still active. Today's price range is between 151.20-151.50

Trade fermée: ordre d’arrêt atteint:

Trailing stop loss reached early in the morning before UK data released.
I'm not trading this pair before Monday any more :)