GBPJPY (1D) - revisiting base of one big head and shoulders
This is not a perfect head and shoulders - and it is rather unusual to find a perfect pattern. I say what I see:
1. One big H&S on GBPJPY (1D).
2. Price had collapsed south from the base, almost the distance of the head.
3. Price is re-challenging the base at an important structure level.
There is an opportunity here for a controlled affordable loss (alias stop-loss). Did I say loss? Yes I did - so if you short this and lose your money kindly sue yourself.
1. One big H&S on GBPJPY (1D).
2. Price had collapsed south from the base, almost the distance of the head.
3. Price is re-challenging the base at an important structure level.
There is an opportunity here for a controlled affordable loss (alias stop-loss). Did I say loss? Yes I did - so if you short this and lose your money kindly sue yourself.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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