Will GBP JPY break 139.525 to continue lower?

Tradingwithtamil Updated   
FX:GBPJPY   British Pound / Japanese Yen
Hi all,

The potential momentum of the signals formed in a stable pattern.
we can evidently, witness the impulse and its correction in rapid manner(shown in graph).

From 156.684 ,we can see the impulse and its correction one after another and finally it sticks at 145.222(shown in graph).

Market is like a coin it only has two probabilities, but today both favors for YEN.

Two probabilities are,

Candles may grow as a impulse (or) correction and its impulse.

For instance, consider the candles are in impulse, it will continue to grow down. (or) consider that as a correction,it give small a rise and again pullback towards down.(shown in graph)




STOP LOSS: 150.105.

If it impulse means,

TAKE PROFIT 1: 143.216.

TAKE PROFIT 2: 139.525.

If correction means,

TAKE PROFIT 1: 145.222.

TAKE PROFIT 2: 143.216.

TAKE PROFIT 3: 139.525.
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Trade closed: target reached:
Target TP1 achieved (201 pips).

Expecting more down....

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