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U.S. Dollar / Japanese Yen
Long

head and shoulders and channel support

By VasilyTrader
Updated
snapshot

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.
snapshot

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!
Trade active
Comment
Market is going up
Comment
almost hit the initial target
Head and ShouldersParallel ChannelSupport and Resistance
VasilyTrader
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