D1 Inverted Head and Shoulders on CadJpy !!! Is price going up?

On the daily chart, we can clearly see price is loosing bearish momentum by creating smaller candles as it goes into an area of support. There is also a possible inverse head and shoulder pattern forming. It is crucial that a change in momentum takes place on a smaller timeframe before considering going long on this pair. further confluence for this long can be be obtained by viewing the weekly chart with the default MACD indicator. However if price does not change direction on a H4 it would not be wise to take a long position.