GBPJPY The next step

Once again, Hello.

Take a look at the picture - anything just like I planned. Pleasant thing to watch. :)



The next step is to continue trading, and now while the price will decide where to move next, we will analyze where it will go, and then follow it :) Simple, isn't it?

The 1st variant that comes to my mind is, that this ascending movement was a correction. Also I want you to mention divergence in the last bullish jerk. Because of all these points, I think that now we have to watch the price very carefully - it may begin new descending wave at any moment. I will not sell though until the price will breakdown 233 MA. It is the most important support at the moment.

I will think about buy trades, only after breakout of the red resistance line, or after a correction.

For now it is all, I hope that it will help you.

Anthony Schneider.