Possible Head & Shoulders here.
We have to wait till the neckline, but till now all the moves are like in the books so... the chance for a H&S is big! For the people liking the risk is a good opportunity to start open some short position from here. For those who are not preferring the high risk, they can wait till breaking the neckline!
We have an IH&S just before tomorrow earnings. Earlier today the neckline hold the price. Perfect long for me, just a few minutes before closing the market.
Trade with care! Good luck every one:)
Inverted H&S have been formed in GBPJPY
The touch of the neckline and the 200 EMA will be a nice entry point. I will start buying around 38,2 fib level!
Trade with care and good luck everyone:)