Here we have GBP/JPY on the 4 Hr Chart!
With our High @ 188.658 followed by a failed Higher High @ 187.565 being the INVALIDATION of this sequence, I am looking for price to Break and Close below our CONFIRMATION of Seq @ 186.231 giving us a Lower Low signaling price will continue further down!
Fundamentally this week:
GBP - Construction PMI & BOE Bailey Speaking (Wed)
JPY - "Clear News Week"
-Bearish Prediction-
*If Price Breaks and Closes above 187.565, set-up INVALIDATED!
*If Price Breaks and Closes below 186.231, Price Action will initiate my Trade Action Plan!
With our High @ 188.658 followed by a failed Higher High @ 187.565 being the INVALIDATION of this sequence, I am looking for price to Break and Close below our CONFIRMATION of Seq @ 186.231 giving us a Lower Low signaling price will continue further down!
Fundamentally this week:
GBP - Construction PMI & BOE Bailey Speaking (Wed)
JPY - "Clear News Week"
-Bearish Prediction-
*If Price Breaks and Closes above 187.565, set-up INVALIDATED!
*If Price Breaks and Closes below 186.231, Price Action will initiate my Trade Action Plan!
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.