Wait for confirmation on next period. If price bounces at 38.2% fibonacci, continue selling. If price went through 50% Fibonacci, buy.
My idea right now: (a) if price bounces at 38.2% fibo, buy. (b) if price went through 38.2% fibo, test at 50% fibo. If price bounces, buy. (c) if price continues to go down through 50% fibo, sell.
Sell GBPJPY if price bounces resistance at 133.310. Take profit at 131.674. Trends may change over time.
If price continues to go down then sell.
Wait for price pullback to 38.2% Fibonacci, buy once the price bounces.
If price bounces the trend line, then there is opportunity to buy.
If price breaks through 50% Fibonacci, buy. If price continues to go down below 50% Fibonacci, sell.