CHFJPY: Bearish Bat pattern

23 sie 2018

CHFJPY is creating a bearish bat pattern. On CD leg we can see that the wave is really sharp and if it turns back we can expect a maximum of 38.2% retracement. Anyway if we see the behaviour of CHFJPY it has done the same thing before and is pulled back all the way down up to the leg of the wave (CD leg for us). So you can use standart TP targets 38.2% and 61.8% or other targets. All depends from your analysis and how you see the market develop.

Good Luck!

23 sie 2018

Uwaga