LewisGlasgow

CHF/JPY - Bearish Shark

Short
OANDA:CHFJPY   Swiss Franc / Japanese Yen
Today we have a potential setup forming for CHF/JPY on the 1h chart with a bearish shark pattern.

This is an excellent shorting opportunity with over 1:2 risk to reward.

The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13

This pattern could potentially turn into a 5-0 in the near future.

Feel free to connect with me below :)
Comment: Pattern is no longer on the watch list, onto the next one.
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Comments

Can't win them all. I know I appreciate the honesty. Thanks for your continued contributions to the site!
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LewisGlasgow ajschmidt100
@ajschmidt100, thank you! The sooner traders realise this the better, a lot of your analysis will flop, this is why we filter our opportunities through sticking to a trading plan.

You're welcome :)
+1 Reply
Thanks bro
Reply
hello, there is also a nice Cypher bearish h1 EUR JPY. You are not interested by this pattern ?
Reply
Nice setup. Thanks sir..
Reply
LewisGlasgow Peter_238
@Peter_238, thanks mate :)
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