CHF/JPY - Bearish Shark Short

CHF/JPYOANDA

Description

⋅ Nov 14, 2017 9:34 PM

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

⋅ Nov 17, 2017 4:30 PM

Pattern is no longer on the watch list, onto the next one.

Comments

ajschmidt100

⋅ Nov 17, 2017 4:38 PM

Can't win them all. I know I appreciate the honesty. Thanks for your continued contributions to the site!

LewisGlasgow

⋅ Nov 17, 2017 4:51 PM

@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 :)

tianmad

⋅ Nov 16, 2017 7:53 AM

Thanks bro

AlphaTrading

⋅ Nov 15, 2017 9:20 AM

hello, there is also a nice Cypher bearish h1 EUR JPY. You are not interested by this pattern ?

Peter_238

⋅ Nov 15, 2017 1:28 AM

Nice setup. Thanks sir..

LewisGlasgow

⋅ Nov 15, 2017 2:11 AM

@Peter_238, thanks mate :)