ANALYSIS: GBPJPY - Once Again....To The Brink!

To the brink? You are probably asking to the brink of what? I don't post on this pair very often here mainly because I reserve my analysis on GBPJPY for my subscribers. But when I do post on it, well, you can see for yourself what happens. I'll let my analysis speak for itself.

On Nov. 12th of last year, I issued a SELL Call with this post: "TRADE ANALYSIS GBPJPY SELL@186.790"
And then on Nov. 19th of last year, here's what I posted: "TRADE ANALYSIS GBPJPY Wave 4 Completed Now?"

So here is what happened after those 2 posts. It fell almost +2500 pips! :
Then on Jan 31st of this year, here is what I posted to my subscribers: "GBPJPY A Good Long Opportunity Before A Mighty Drop! Banked +1379 pips". I had already issued trades on this pair going LONG on the wave (4) retrace and banked over +1300 pips when I saw the correction coming to an end soon and posted that. Here is what happened shortly after my post. Prices took another nose dive for over +2000 pips:
DAILY CHART - Overview of what happened

You don't need to be a genius to figure out how on point my calls were. And certainly, I'm no genius. But those two moves combined are worth nearly +4500 pips taken to the present price level.

So that brings us to the present and what MIGHT be happening now. Take a look at the main chart above. You can see that from that post on Jan 31st to now, I am seeing that the move down is all part of the wave (5) of A. And that this wave (5) is not over yet. That I am looking for another substantial move down in a wave (v) of (5) of A. More than likely right down to that MAJOR (M) SR structure below.

As you can see, I am already SHORT in this pair and already up by over several hundred pips. For the COMPLETE analysis, you can go to my website and subscribe to read it all. Unless of course, you aren't interested in making all those pips.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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