head and shoulders and channel support

Mar 11, 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!

Mar 11, 2019

Trade active

Mar 12, 2019

Note

Market is going up

Mar 14, 2019

Note

almost hit the initial target