-major trend is downtrend -for aggressive trader, can go short when retrace pattern formed near the down trend trendline -there is daily resistance at 1.37574 at the same time support by fibonacci retracement 38.2 -for confirmation trader, can wait until the counter trendline breakout only go for short
The major trend for GBPJPY now is a downtrend. The price is now testing the 3rd touch of the trend line. If price form retracement candlestick pattern, go short. For confirmation trader, can wait until the breakout of the green intermediate trend line only go short. if able,please give some comment or advise for my chart analysis, thank you !