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CHFJPY Bullish Bat Pattern And Long Opportunity
We need to get the confirmation on the smaller charts
CHFJPY Bullish Bat Pattern And Long Opportunity
Description: A bullish Bat Pattern is being printed on the H1 Chart. A Bullish Leonardo pattern is completed at 113.300. After a minor retracement, CHFJPY is likely to test 113.100 – 113.000. We will look for a long opportunity based on a Bullish Bat pattern.
Time Frame: H1
Trade Period: Intraday / Midterm
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Neutral
Trade Based On Bullish Bat Pattern
Accuracy: %89
Recommended Lot Size: 0.10 at 10K
Trade: Long
The Area Of The Entry: 113.100 – 113.000
Stop Loss: Below 112.700 ( If the pattern does not work as predicted Alt Bat pattern would be completed at 112.700 Fib 1.13 Extension )
Target 1: 113.450
Target 2:113.630
Target 3: 113.840
Good Luck
