forexinsider

bearish continuation pattern

Short
FOREXCOM:GBPJPY   Livre sterling / Yen japonais
we are looking forward to a further continuation to the downside, we saw the initial impulsive move down and come last week we saw price in a correction phase and retesting the trendline, with that being the reason and seeing the bears reacting in a bearish engulfing candle that also saw the breaking of the correction pattern, was convinced that price will fall again come next week
for conservational trader we saw a breakout and a retest up with a fake breakout so if we are not caught in the fake bullish move we are very much sure to get into the market with the current sell trend

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