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:
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.