2018Oct17 CHFJPY H1 Bullish Bat
CHFJPY has broken out of its channel resistance and formed a bullish bat. Upon confirmation of the bullish bias, I will go long. Stop loss is just below the X point while the take profit target is set at the 61.8 Fibonacci retracement level of the leg AD. Trade details are as follows:
Trade Setup: Bullish Bat
Price Entry 112.922
SL 112.720 | SL pips 20.2
TP2 113.37 | TP2 pips 44.8
RRR2 2.22
Trade Setup: Bullish Bat
Price Entry 112.922
SL 112.720 | SL pips 20.2
TP2 113.37 | TP2 pips 44.8
RRR2 2.22
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.