CHFJPY H1 Bearish Bat Pattern - 11 Oct 2011

11 Oct 2011

Bearish Bat pattern on CHFJPY hourly chart. This pattern is validate by 38.2% retracement of XA at B point and 88.6% retracement of AB at C point.

PRZ :
- 0.886XA @85.631
- 2.24BC @85.510
- 1.618AB=CD @85.050

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Posted in: Bat,Bearish,chfjpy

USDCHF H1 Bullish Bat Pattern - 11 Oct 2011

11 Oct 2011

Bullish Bat pattern on USDCHF hourly chart. This pattern is validate by 38.2% retracement of XA at B point and 78.6% retracement of AB at C point.

PRZ :
- 0.886XA @0.89620
- 2.24BC @0.89705
- 1.618AB=CD @0.90056.

Convergence of all important PRZ level at 0.8960-0.9005 give best opportunity to go long on this pair once the price action test the PRZ zone.

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Posted in: Bat,Bullish,USDCHF