GBPJPY could possibly retest to the 38.2% fib level and then continue back into the overall bearish trend or it could retest up to the 61.8% next to the weekly resistance level, and then work it's way back down.
Note: (Anything can happen in the market. Never expect any analysis to be certain.)
Once EUR/USD breaks structure of the previous high on the 15min and comes to retest that high as a new found support, look for a bullish engulfing pattern to confirm a buy order heading towards one of the fibonacci levels.
BTC/USD came down and respected the green demand zone. Came up and created a lower high red demand zone. The retrace has double bottomed at the 50% on fibonacci. Looking to take profit at -27% on my fibonacci extension.
Price has shown wick exhaustion around the 50% h4 chart. Now looking on the H1 chart there is a big bearish engulfing candle breaking the previous higher low. Looking for price to come down to 109.780 and then make its full decision on where it wants to go.
Here I'm on the 15min. time frame at the first lower high from yesterdays spike down. I'm waiting fore price to show me a trustworthy bearish engulfing setup. The candles in the red box are a bearish engulfing pattern but the red EMA is not over the blue yet. The yellow box is an engulfing pattern as well and the red EMA is now clearly over the blue. Now waiting...