Head & Shoulders - GJ (Daily)
Here on the Daily Chart GBP/JPY has finished the Right Shoulder of the Head & Shoulders pattern @ 183.814!
Price ended last week in a steep decline which brings my bias for GJ to be Bearish!!
-I'm suspecting the finish of the pattern towards the neckline followed with a Bearish break validating said pattern to continue lower.
*Price Breaking and Closing below 178.091 will validate the H&S Pattern
*Price Breaking and Closing above 183.814 will INVALIDATE the H&S Pattern
**Chart Patterns are known to fail 1/3 of the time, BE AWARE OF FALSE BREAKS!!
Price ended last week in a steep decline which brings my bias for GJ to be Bearish!!
-I'm suspecting the finish of the pattern towards the neckline followed with a Bearish break validating said pattern to continue lower.
*Price Breaking and Closing below 178.091 will validate the H&S Pattern
*Price Breaking and Closing above 183.814 will INVALIDATE the H&S Pattern
**Chart Patterns are known to fail 1/3 of the time, BE AWARE OF FALSE BREAKS!!
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
"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
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.