GBP/JPY gave us a SOLID bearish break of the Descending Triangle on Sept. 21st initiating my Trade Action plan!!
Price has retraced back towards the Support-turned-Resistance and made contact with the 200 EMA and has been rejected strongly from the area!
-Price Action on the 4Hr Chart outlines price ending the 4th Wave getting ready to continue the 5th Wave of the Elliot Wave down towards Sequence Target.
-Price Action on 1Hr Chart is forming what looks to be a Head & Shoulders pattern strengthening the bearish bias!
-SELL-
{ SL } 183.586
{ Entry } 183.071 - 182.755
{ TP } 180.550
*TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!*
Price has retraced back towards the Support-turned-Resistance and made contact with the 200 EMA and has been rejected strongly from the area!
-Price Action on the 4Hr Chart outlines price ending the 4th Wave getting ready to continue the 5th Wave of the Elliot Wave down towards Sequence Target.
-Price Action on 1Hr Chart is forming what looks to be a Head & Shoulders pattern strengthening the bearish bias!
-SELL-
{ SL } 183.586
{ Entry } 183.071 - 182.755
{ TP } 180.550
*TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!*
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.