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bearvsbullmarket
Jul 26, 2017 4:38 PM

Yen... again? Long

U.S. Dollar/Japanese YenFXCM

Description

I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade.

For the past days, I've also been obsessed with Yen pairs along with Loonie pairs... especially CADJPY! I currently have 4 long on the Forex pair because of the formation of inverse H&S... on monthly timeframe! In addition to that, it has been strongly consolidating at the neckline for the past days where it may have suggested it is building-up a break-out pattern.

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