GBPJPY has broken a well respected trend line. waiting for the retracement to bounce back off the trend line and 0.618 fib. I have had great success with the honesty and accuracy this pair provides.
Many confluences are pointing the EURO to drop to atleast the 1.05750 level.
Bearish Trend Line is very well respected with no close above.
Inner Double top.
618 retracement was hit exactly.
4H candle doji
Looks like an upside down head and shoulders could potentially form.
The aussie really respects key levels so i will be watching this carefully over the coming weeks.
Any feed back is appreciated!
I have had great success lately with working mainly with the basics and finding head and shoulder patterns. the overall trend is south. wont wake a position until the right shoulder is complete.
Hopefully enter around the neck line of 1.41694