comment: Hi im back. Ive left trading since may 2010, and its been like im loosing a lot of trading opportunities..turnover for GBPJPY is like 1000pips month-to-month.
anyway, while waiting for my deposit be bank into my trading account, i have my analysis on gbpjpy as per my wave counting to post.
In recent performance, i believe market has produced major bullish divergence, that can be seen over the double bottom point. as market is currently progressing bullish, it is not a good time to buy again. Let just wait until the market falls in oversold area, then re-confirm the situation through the indicators.
most traders i can say; they all might have been waiting for the price to hit ext. fibo 61.8 (to get a real LL bottom point.
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