CHF/JPY - Bearish Shark

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.

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Kommentar:

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