head and shoulders and channel support
Updated
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
Note
Market is going upNote
almost hit the initial target
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.