VasilyTrader

head and shoulders and channel support

Long
VasilyTrader Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen

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!
Trade active
Comment:
Market is going up
Comment:
almost hit the initial target

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