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rayzino

GBPJPY DOWNTREND 1H TF

Short
British Pound / Japanese Yen (FX:GBPJPY)  
rayzino  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis Fibonacci Retracement downtrend candlestickpattern
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1
trendanalysis chartpattern beyondta fibonacciretracement downtrend candlestickpattern
Due to basic price action respecting the strong downtrend movement, i believe it will follow this set up.
confirmations/confluences:
1) trend touch
2) Fibonacci level 50-38.2%
3)previous respected zones
4) candlestick formation at trendline touch
TP - 144.800 region
Please leave a comment with what you think and if i have missed anything.
we are all students, Always.
Thanks
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