GBPJPY downtrend channel since 1979
Chart speaks, downtrend channel with a HUGE rising wedge completion near the channel top.
Here is the weekly chart that also shows a bearish div that might get triggered at the channel top and rising wedge.
Sell order pending at 198.1 TP could be as crazy as FIB 0.382 retracement and that is almost 2000 pips!
SL at 199, but you have to know your own pain level and decide how much you want to risk for this BIG move.
Here is the weekly chart that also shows a bearish div that might get triggered at the channel top and rising wedge.
Sell order pending at 198.1 TP could be as crazy as FIB 0.382 retracement and that is almost 2000 pips!
SL at 199, but you have to know your own pain level and decide how much you want to risk for this BIG move.
