Looking from the 1H GBPJPY its on a consolidation n the price is now on a RR Seeing a head and shoulder about to be formed Look for opportunity to sell
Price got rejected on a trend line acting as RR Head and shoulder formation , some might ague and say its a rising wage it was broken n got retested forming a hanging man candlestick Good opportunity to sell
Trend line act as RR Triple top in form of Ascending triangle Wait for a break of the triangle { possible to the down side} Sell
Trend line act as RR Double top Wait for candlestick confirmation Sell
Over sold Break of a descending triangle Expecting a pull back to around the area were it was SP turn RR
On an area of SP started to consolidate showing sign of weakness Retrace back to the trend line , around 0.5 and 0.6 Fib level
Price has shoot upwards now consolidating showing weakness correcting itself back to trend line
The GBPUSD failed to break bellow a major SP It formed a bobble bottom Also break the trend line Finally made a pull back to the head of the Bobble bottom that also happen to be the Fib Retracement Level
Bobble bottom from the Weakly Then a Retest of a down trend on the Daily Followed by a beginning of a new trend from the 4H
Just Broke a trad line then doing some retest, With some Candlestick Confirmation
May Want to Scale down to a lower time frame wait for a break of structure to the down side... confirmation then (SHORT)
The CADJPY made a Strong move to the downside , Making a Bobble Bottom Also the RSI showing a divergence, indicating Buyers coming in.
MOEX:USDCAD Brock a consolidation channel ( Now coming for a retest )