CHFJPY inverse H&S
Updated
Previous trade failed, some bad luck because of the trade war news past weekend, during Monday morning opening this one gaped below the support zone. At the moment it looks like it is trying to make an inverse H&S. The right shoulder is in the making, but it's still a bit small. So we could see it get extended a bit coming day or so. If it keeps it's shape and moves towards the neckline again, we could see it trigger a rally when the neckline breaks. Also a chance to see it close that gap as well.
Previous analysis:
Previous analysis:
Note
Nice, this one worked out very nicely, already reaching it's target and making up for the previous trade :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.