GBPJPY Bear Cypher 1H

Good zone to look at for a short on GBPJPY. I tend not to place limit orders on my harmonic pattern trades. I watch a zone at the completion point and wait for price action to confirm the move. There is a fair bit of room for this to retrace before it resumes the down trend. It has fallen so much without a decent correction I wouldn't be surprised to see this come back to the 50% point or higher.

Kommentar:

Looks like we might have a potential Butterfly as well completing in the same zone.