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Sterling/Yen Bearish H&S

Posted on the 18 November 2014 by Souljester @souljester618
I am playing the bearish head and shoulder's pattern that has been built on GBP/JPY. The neckline has not yet broke, so I am front running it a bit. As I am front running it, the risk of the trade not working is certainly present, as it always is with every trade. Here is the 4 hour chart: Sterling/Yen Bearish H&S This pair is interesting because one of my monthly indicators is at the same level it was in 1998, 2000, and 2007. Chart: Sterling/Yen Bearish H&S Now, I am not saying the result will or will not be the same. For me to change back to the alternate long term bear primary I would need to see some things confirm the bearish analog that I have been ignoring so far. The reason it is of interest is the long term cycle peak (under the bearish scenarios) which I showed in Today's Equity Post. There is always a bull path and a bear path. We cannot know which path our future will choose. As always, do your own due diligence, read the Disclaimer, and make your own investment decisions. Peace, Om, SoulJester

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