head and shoulders - buy the retest of neckline

hey traders,

as we see steady retracement on dollar yen this week,
it seems that finally bulls are back, and the market gives us clues that another bullish impulse is coming.
oh hourly timeframe we have head and shoulders pattern and the neckline is already violated.
for now, we can buy the retest of the neckline and anticipate bullish continuation at least to the previous level of structure!

also look at rsi, it shows clear divergence.

good luck!

評論:

standing on structure