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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

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