which SHI channel indicator do you use?
I draw my own channel, see attached chart for example.
the channel will give you a projection where price can go.
Also you need to look at the price action on higher TF like D to see the candle pattern. Yesterday's D candle closed quite strong bullish. So we expect to see follow through.
There is also week 18 high 0.9330 which can provide support for continuation.
Here is usdyen daily setup I guess, there is a very bullish daily candle yesterday too.
Is this a right way to pick long term trades ? What do you think ?