For now price should retrace at any fibonacci number, wait and see whether pull back again or bear continuation. For me this pattern does a similar reversal pattern for retracement, GBPJPY will fall if price follow the EW law :D.
Trading idea pick hi and low breakout, If wanna ride retracement Small TP tight SL. If wanna ride bear market wait until cs form a reversal sign. Follow what is your game plan. Good Luck
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