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
Not
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!
Keep It Current,
With Novi Fibonacci!
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.