RiosTrades

CHFJPY HEAD AND SHOULDER BREAKOUT!

Long
FX:CHFJPY   Swiss Franc / Japanese Yen
I've been waiting for this breakout for sometime, very very interesting idea. In the chart we see a breakout of a Inverted Head and Shoulder Pattern but what also brings a lot of attention is price breaking out of this weekly descending trend line. Price has retested this trend line which is also a swap level that I've presented in the rectangle box. Opening of the market i'm going to let price action shake off it's craziness then look for proper entry with structure and candle stick daily closure.
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