Good Morning everyone.
The sterling yen trade moved in our direction very fast yesterday afternoon. I expected in Elliott speak a C wave up which didnt materialise. When ,what I clasify as windfall profits, occur, I pretty much always take them.
Sterling yen is still sitting on the nexkline from the h4 head and shoulders reversal and it still looks as if it wants to break. The neckline is shown above.
Presently the market is charting out a Arrow pattern for those who have taken our classes in S Africa or London.
Lets see how it looks at 800 GMT when hopefully all the morning games are over.
Have fun
David
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