TerryHarmonicTrading
Short

CHFJPY - Bearish Bat Pattern

OANDA:CHFJPY   Swiss Franc / Japanese Yen
This is the daily chart of chfjpy .

It has completed a bat pattern in the daily time frame.

Price has broken below the PRZ yesterday, confirming the temporary bearishness.

I have entered short around 117.30.

PRZ 117.30

SL 119.60 (230)

TP1 114.40 (290)

TP2 112.20 (410)

This is a daily pattern, with wider stops and targets.
Do size your positions properly and do your own due dilligence.

Good luck and good trading!
Comment:

Perfect fall on CHFJPY.

Enter when price breaks the lower support of the PRZ.

+100 pips and counting.
Comment:

130 points and counting.

Will cover this trade if the market reverses and closes above the trendline.
Comment: Holding on to my shorts until this trendline is broken.

Trade closed: target reached: TP1 at 114.45 hit.

Great run to 300 pips.

Already closed all my positions.
http://terryhexiejiaoyi.com
中国官方和谐交易学院
上淘宝购买我翻译的 “和谐交易1” 开始学习

I trade with Harmonic patterns and VSA. Follow me along my trading journey at http://terryhexiejiaoyi.com.

Currently will only blog in mandarin as most of my fans are based in China.
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