GBPJPY - 4HR - Long idea - 3 converging patterns

10 Jan 2017

GBPJPY - 4HR - Long idea - 3 converging patterns, no entry as yet
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Smaller Crab pattern with great XA impulse starting in an oversold state ( we see the reaction here already)
Greater Spanning patterns of BAT and Gartley completing in the same zonal area
Good harmonic resistance here for a reversal
We are only missing the DIV play for an entry, so over the next day I will be looking for DIV on the 1 and 4 Hour.

We still have a little while to go for the Broader BAT to play out.
Sit tight and waiting for entry.

10 Jan 2017

Nota

Looking at the DAILY we are also at the 618 of the previous swing.
Its all starting to add up, and maybe we wait until the BAT complete which should bring Divergence on the RSI on the push down.

10 Jan 2017

Nota

As from the DAILY this is a correctional trade in a more Bearish move on the DAILY pattern

10 Jan 2017

Dagangan aktif

AB=CD active , divergence set, I dont think needs to hit the BAt

13 Jan 2017

Dagangan aktif

DIV has turned beautifully on the 30 after coming out of oversold - even better entry, maybe wait for a pull back, but this is exactly what I look for at a top or bottom.