EURCHF - 4H - Bat Pattern inside ABC Correction?

22 mar 2016

We recently saw the breakout out of the upward (wedge) consolidation. While shorts from an bigger picture point of view can therefore start to look tempting, i would wait till we see confirmation of that breakout by a lower degree breakout of an correction. Thats why, this bat pattern might be a good place a still look for longs to catch the upward move in this correction with great risk reward before we start goin further down sometime in april