Update on CHFJPY from my previous setup. For more description go back to my previous post. In Daily TF it has nicely completed the AB=CD pattern. AB retracement BC = 0.50% level and it's projection CD is at 200% level. It might test the 2.54% level before it is ready for PRZ. Looking for the short position if it breaks @121.500 level and re-test that area.
Potential SHARK pattern forming in 1 hr TF. XA= Retracement = AB = 0.618 AB = Projection = BC = 1.414 (Little short, usually 1.618) BC= Extension = CD = 1.272 (I'm expecting it to extend at 1.272 level) To fullfull above conditions it is vital that price level must break @ 0.93600 level and re- test the level.
Potential Gartley Pattern as it respects 0.618% retracement perfectly. It is highly likely the projection will be 1.618 %. Also, a potential ABCD pattern has started forming. I'll wait for the price to retest the 109.600 level before it goes bullish and test the 110.572 level. From 110.572 potential PRZ.