Bearish Opportunity on CHFJPY. Deep Crab Harmonic.

Bearish Deep Crab on CHFJPY today gives an opportunity to ride a short position to the median line, granted we get an appropriate entry signal.

I'm going to be looking for price to break below VWAP with increased bearish volume. I use a couple of other indicators as well, as I'm sure you do too.

Price has good chance of retesting median line of pitchfork (in red oval) drawn off of a harmonic, in this way.

Wait for your entry signals!

Trade chiuso: obiettivo raggiunto:

Nailed Target, but it took about three days.. so the gains were minimal from where I entered. About 15 pips. However, the fork proved itself! I'm sure I could have played a couple of times off it, had I of remembered it was there!