CHFJPY H4 - TREND REVERSAL TRADE SETUP

In the CHFJPY H4 chart above, the price made a strong down move followed by an inverted Head & Shoulder pattern.
Price reversed from the weekly support level as well as 78.6 Fib ratio to complete the right shoulder of the H&S pattern, and it broke out of Counter Trend Line (CTL).
Price made a double bottom on the support level before the breakout of CTL which indicate that the market has the potential to complete the head and shoulder reversal setup.
Since we have a confirmation entry on this, we just have to be patient and give it time to play out as planned.

Thanks for reading!