GbpJpy showing mix pattern - bias on bullish retracementWeekly candle last 2 weeks was bullish engulfing, currently showing mix pattern. Waiting at 131.864 range, if it created bullish rejection candle, it confirm the wedge continuation pattern and the bullish ABCD move , minimum to reach the C point back at 133.8 . Further move up will confirm the bearish ABCD move towards 136.00 . Will wait to see any bearish rejection candle here to enter sell towards the C point again at 131.864
Propatternfx
GbpUsd Short pullbackAfter a clear rejection on the bearish trendline for a new lower high, it is now making the pullback towards key fibonacci level, targetted at the extension level confluence with the key level for an inverted HNS pattern. With double bottom in mind, it is expected to break the bearish structure to validate the inverted HNS pattern.