Here we have GBP/JPY on the 4 Hr Chart!
With our High @ 188.658 followed by a failed Higher High @ 187.565 being the INVALIDATION of this sequence, I am looking for price to Break and Close below our CONFIRMATION of Seq @ 186.231 giving us a Lower Low signaling price will continue further down!
Fundamentally this week:
GBP - Construction PMI & BOE Bailey Speaking (Wed)
JPY - "Clear News Week"
-Bearish Prediction-
*If Price Breaks and Closes above 187.565, set-up INVALIDATED!
*If Price Breaks and Closes below 186.231, Price Action will initiate my Trade Action Plan!
With our High @ 188.658 followed by a failed Higher High @ 187.565 being the INVALIDATION of this sequence, I am looking for price to Break and Close below our CONFIRMATION of Seq @ 186.231 giving us a Lower Low signaling price will continue further down!
Fundamentally this week:
GBP - Construction PMI & BOE Bailey Speaking (Wed)
JPY - "Clear News Week"
-Bearish Prediction-
*If Price Breaks and Closes above 187.565, set-up INVALIDATED!
*If Price Breaks and Closes below 186.231, Price Action will initiate my Trade Action Plan!
