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 :-?

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


Post a Comment

You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.