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CHFJPY Bullish Crab Formation and Long Opportunity 03-15-2018 Stop Out

CHFJPY Bullish Crab Formation and Long Opportunity 03-15-2018

CHART TIMEFRAME: H1

CHART PATTERNS: Support Breakout and Bullish Crab Formation

EXPLANATION: CHFJPY is testing 112.000 support. If it breaks below 112.000, Bullish Crab Harmonic Pattern would be completed at D 111.480.  We may see a retracement at the D Leg.

Our Trade Setup at the D Leg would be as follows:

TRADE: LONG

AREA OF ENTRY: 111.480 – 111.380

TARGET 1: 112.000

TARGET 2: 112.380

STOP LOSS: 111.000

IMPORTANT: Patience and Money Management are key to success in trading.  Your risk ( Stop Loss ) must be maximum 1%.

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.

 

 

 

CHARTREADERPRO INTRADAY SIGNALS
CHFJPY Bullish Crab : Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
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Ercu Kartas

B.U Economy Treasury Department Dealer Fund Manager Technical Analyst FX Trader

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