glennmercer

Long CHFJPY: Missed Pivots and Potential Harmonic Patterns

Long
FX:CHFJPY   Franc suisse / Yen japonais
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!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.