a_propatternfx

GbpJpy showing mix pattern - bias on bullish retracement

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FX:GBPJPY   英鎊 / 日圓
Weekly 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

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