GBPJPY - Trendline Base Play

FX:GBPJPY   British Pound / Japanese Yen
24 0
Looking for the lows to be met after the trendline has given way to the downside setting up the whole move.

2 bearish engulfings off the 78.6 retracement on the H4 and H2 timeframe.

Looking for the 161.8 extension which lines up nicely with the trendline structure lows.
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