GBP/JPY from the beginning of this week has been in what looks to be a Descending Triangle Pattern!
*Lower Highs coming into Equal Lows!
With this pattern, traders would typically expect price unable to continue higher, and breaking down out of pattern to fall further!
If price decides to break below our bottom leg, this will supplement my GBP/JPY Bear Sequence Call! Stay Tuned!!
BE AWARE!!
*Patterns are known to fail 1/3 of the time so watch for FAKE BREAKOUTS
*Lower Highs coming into Equal Lows!
With this pattern, traders would typically expect price unable to continue higher, and breaking down out of pattern to fall further!
If price decides to break below our bottom leg, this will supplement my GBP/JPY Bear Sequence Call! Stay Tuned!!
BE AWARE!!
*Patterns are known to fail 1/3 of the time so watch for FAKE BREAKOUTS
Nota
Price has given us a PROPER BREAK and CLOSE out of the Descending Triangle!! Watch for updates on related GBP/JPY - Possible Bearish Sequence for Trade Idea
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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.