Hello Tradingview... Here we have a multi year inverse head and shoulder pattern that has broke out to the upside. I am posting slightly ahead of schedule as the monthly candle has not closed. In anticipation of the candle closing above the neckline we can position ourselves in this trade early.
I have zoomed in specifically to this decade long consolidation period as the break of trend is clear and obvious. You can zoom out further and find other trendlines from further out that have also been broken to the upside from the move this month.
Looking forward to traveling to Canada in a few years and spend my yen! Cheers.
Comment your ideas and thoughts below on the fundamentals that can make this trade a reality. Or convince me otherwise! Thank you.
I have zoomed in specifically to this decade long consolidation period as the break of trend is clear and obvious. You can zoom out further and find other trendlines from further out that have also been broken to the upside from the move this month.
Looking forward to traveling to Canada in a few years and spend my yen! Cheers.
Comment your ideas and thoughts below on the fundamentals that can make this trade a reality. Or convince me otherwise! Thank you.
Comment:
Holding .618 Fib on monthly level is good to see. Now looking for a strong close above the long term downtrend. Still bullish