grandalbedo

grandalbedo

We expect the retest of support level and formation of right shoulder to complete the head and shoulder pattern so we can have a confirmation and opportunity to buy Gold

grandalbedo

Waiting for price to reach wave 5 at fib 1.618 then we go short

grandalbedo

On a daily GBPJPY chart we look for retracement so we go short from D to E

grandalbedo

Bull may encounter support after bullish at price 1.07638 and therefore bull may take advantage