Hi all, I'd like some advice regarding confirmation signals to use in conjunction with fibonacci retracements.

I am conscious of candlestick patterns and trendline break methods which both work ok but I wonder if anyone can recommend a better egy or a more mechanical technique to determine a technical degree, such as a fibonacci retracement level, has held?

I mostly trade usd/jpy on a 5 min chart utilizing the 1h chart to provide me the larger picture. I only trade in established tendencies, ie, when more than one impulse/correction wave has occured.

Thanks