The end of last week left price coming down towards the Low created on Wednesday Aug' 23rd (Point A) and tested again Friday Aug' 25th after a failed Higher High on Wednesday Aug' 30th (Point B)
These Lows happen to be right at the Highs created the 5th and 6th of July!
After seeing the failed attempt to go higher off that push creating a Lower High giving the looks to be the start of a Downtrend, I have a POSSIBLE Bearish outlook on GJ!!
Keep In Mind! GBP has Monetary Policy Hearings Wednesday the 6th!!
*For Bearish Prediction-
**Price MUST break down below 183.360, in which that will initiate my Trade Action Plan!
These Lows happen to be right at the Highs created the 5th and 6th of July!
After seeing the failed attempt to go higher off that push creating a Lower High giving the looks to be the start of a Downtrend, I have a POSSIBLE Bearish outlook on GJ!!
Keep In Mind! GBP has Monetary Policy Hearings Wednesday the 6th!!
*For Bearish Prediction-
**Price MUST break down below 183.360, in which that will initiate my Trade Action Plan!
Note
***If price breaks above 186.058, my Bearish prediction will be INVALID!Note
***Price is finding its way back to our confirmation for a bullish sequence!!Waiting to see a BREAK and a CLOSE below 183.360!!
Note
Price gave us a Break and a CLOSE!!! Stay Tuned because price action has initiated my TRADE ACTION PLAN!!!!
"An investment in knowledge will pay the best interest." - B. Franklin
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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.
"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
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.