Inverse Head and Shoulders

It looks like an inverse head and shoulders just formed there. Not an exact science and there is that thumb sticking out but the strong momentum we had on the weekly is good so we could potentially see a continuation. The lagging is above price and has no restrictions going up. I put the target aligned with the monthly Tenkan. The RBA decision on Tuesday could accelerate the movement.

Entry: 1 small position @ 0.90850
SL: Just below the neckline @ 0.90210
TP1: Monthly Tenkan @ 0.92252