GBPJPY analysis - retracement mode??



premarket preview
monthly chart - bearish engulfing in formation (candle not closed yet)
weekly chart - 3 black crows pattern, however long lower wick suggests retracement might occur..
daily chart - possible retracement to 50% (208.20) which also coincides with previous low :-?

STRATEGY :
stay out of market until retracement completed
go SHORT once h4 chart confirms downward movement

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