There is a bearish bat which completed for CHFJPY. I am looking for a break of the neckline of the double top and place an aggressive sell limit at the 61.8 Fibonacci retracement of the swing low of the retest candle to the swing low of the break of the neckline. Likewise, I want to see a candle breaking and closing below the diagonal support of the uptrending channel. Stop loss is just above point X while take profit targets are at the 38.2 and 61.8 Fibonacci retracement of leg AD and point A. I would want to wait for confirmation as there is also an ascending triangle which favors a break to upside from the horizontal resistance. For now, I place this trade setup on my watchlist.