CHFJPY inverse H&S

10 May 2019

Previous trade failed, some bad luck because of the trade war news past weekend, during Monday morning opening this one gaped below the support zone. At the moment it looks like it is trying to make an inverse H&S. The right shoulder is in the making, but it's still a bit small. So we could see it get extended a bit coming day or so. If it keeps it's shape and moves towards the neckline again, we could see it trigger a rally when the neckline breaks. Also a chance to see it close that gap as well.


Previous analysis:

10 May 2019

Not

Nice, this one worked out very nicely, already reaching it's target and making up for the previous trade :)