Here I have EUR/JPY on the 4Hr Chart! I believe we are seeing a Correction in the Bearish direction since EUR/JPY has been traveling in a UPTREND for quite some time!
Our current Highest High @ 164.308 on Nov' 16th is the first touch of the Falling Resistance followed by the failed attempt at a Higher High @ 163.719 on Nov' 26th forming what could potentially be a Descending Triangle Pattern!
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
Fundamentally this week:
EUR - CPI (Wed), Flash CPI & OPEC (Thur) and President Lagarde Speaks (Fri)
JPY - OPEC (Thur)
-Bearish Prediction-
If Price Breaks and Closes above 163.719, Set-Up INVALIDATED!
If Price Breaks and Closes below 161.245, Price Action will initiate my Trade Action Plan!
Our current Highest High @ 164.308 on Nov' 16th is the first touch of the Falling Resistance followed by the failed attempt at a Higher High @ 163.719 on Nov' 26th forming what could potentially be a Descending Triangle Pattern!
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
Fundamentally this week:
EUR - CPI (Wed), Flash CPI & OPEC (Thur) and President Lagarde Speaks (Fri)
JPY - OPEC (Thur)
-Bearish Prediction-
If Price Breaks and Closes above 163.719, Set-Up INVALIDATED!
If Price Breaks and Closes below 161.245, Price Action will initiate my Trade Action Plan!
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
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For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。