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nicotj

Inverse Head and Shoulders pattern

Long
Swiss Franc / Japanese Yen (OANDA:CHFJPY)  
nicotj  
OANDA:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns CHFJPY forexeducation Technical Analysis
3
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trendanalysis chartpattern chfjpy forexeducation technicalanalysis
Inverse Head and Shoulders pattern

The name speaks for itself. It is basically a head and shoulders formation, except this time it’s upside down. 🙃

A valley is formed (shoulder), followed by an even lower valley (head), and then another higher valley (shoulder).
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