head and shoulders and channel support

11 de mar. de 2019

good morning everyone,

on dollar yen the market is still following a rising channel.
we just recently had a decent pullback from the channel's resistance line to channel support,
and now we have a nice buying opportunity anticipating bullish continuation in a rising channel.


for a confirmation,
I will be waiting for a bullish violation of a neckline of this small inversed head and shoulders pattern.

targets will be based on structure:
initial target - 111.6
second target - 112.0

stop will be below head!

good luck!

11 de mar. de 2019

Trade ativo

12 de mar. de 2019

Nota

Market is going up

14 de mar. de 2019

Nota

almost hit the initial target