DislikedYou realize that descending resistance trendline you drew only connected to one high right? It looks like you just drew it to where you want price to go and completely fabricated it. That's just weird.Ignored
no i just draw it.. didnt pay attention to that... i dont follow TL ,,i follow SUPP/RESS levels,,TL will then fall in place...but doesnt matter,,and again... remmeber all tops and bottoms are most of the times at 78.6 in triangles/wedges etc...
ok gep... here is the aud/jpy chart i posted... we just pennatrate the low of the HUGE H&S on daily chart ,and to confirm we heading down..BIG TIME!!! ,,so now we need to pullback to form the right shoulder on daily,,and look where is that ? 600 pips still to go ,,then the enormous brekdown,what we all waiting for.... this is huge, ... the right shoulder sit at 82.80 or the fib closest to the left shoulder level....
but sometimes we dont pullback and dont form the right shoulder..it happen sometimes,,but im hoping for this pullback,,and then short the living hell out of all the crosses,,not jsut gbp/jpy but the lot ... so if aud/jpy can go 600 pips to the right shoulder,then gbp/jpy will reach 137 level ,,thats also 600 pips ...
this is my view and reaaly hope this plays out,,otherwise i will change it and re-evaluete and look for the best possibiltiy to short the pairs ..
so if it break down,,then well done for keeping it ,,
aud/jpy will drop right through to 67 with minor pitstops,nothing to worry about and thats 1500 pips from top of right shoulder,,and gbp/jpy will follow ,so will the rest
but gd luck,,hope we can this thing right and happy all together at the bottom of the trend..