AUDJPY Inverted head and shoulders 40 pips

Price has recently formed an inverted head and shoulders, indicating a move to the upside. If price reaches resistance of the channel, I expect it to break through and reach its nearest resistance for a tp of 40 pips. Price could also bounce off support before rising to resistance as well.

Please do not take this as professional advice. Trade this idea at your own risk :)

Good luck if you decide to trade this idea