Bearish Bat Pattern - CHF/JPY

Looking to go short here on this bearish bat pattern. It's come up to a previous downward trendline. If this moves down to .382 retracement I will move my stops to break even as my target profit is towards previous SD zone.

Stop Loss: 46 Pips
Take Profit: 77 Pips

Kommentar:

The trade is still valid, Bat pattern seems to still hold, I'm moving my take profit to .5 fib retracement which puts it at previous support line

Kommentar:

Going into 5 min chart it appears as though our uptrend was broken, previous high retested, large bearish engulfing candle formed at close of 5 min. This is a good confirmation that we are headed down now

Trade geschlossen: Stop wurde erreicht:

broke up, no retracement on the harmonic move