Long CHFJPY: Missed Pivots and Potential Harmonic Patterns

FX:CHFJPY   Swiss Franc/Japanese Yen
This is not my typical trade setup but I received a request to take a look at CHFJPY             and discovered a nice long opportunity in the process. Price action is showing respect for the .886AB level and has completed a potential C point in a series of harmonic pattern setups. With missed monthly and weekly pivots above price, I would not be surprised if price extends to the crab level which would open up a great short opportunity. To trade this conservatively, a stop is placed below C and observe price action for reversal signals at the bat completion level.

Thanks for viewing and please take a second to click the thumbs up button and follow for future updates and more trade ideas!
Follow me on twitter: @gmercerfx
Shoot me an email:
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out