TradingView
UnknownUnicorn180388
7 feb 2017 10:47

USD.CHF - BEARISH BAT SETUP - 1.0024 Short

FX:USDCHF60
U.S. Dollar/Swiss FrancFXCM

Descrizione

⋅
On the USD.CHF 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.

The price reversal zone on this pair is between 1.0024 & 1.0044
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around .9884
Stop loss would be placed above X leg structure resistance.

Target 1 - .9960
Target 2 - .9922

Commento

⋅
A pullback to .9970 is expected before a push towards the D leg completion.

Commento

⋅
D leg is now complete at 1.0024
ukforexsignalsSELLshortBearish PatternsxabcdHarmonic PatternsadvancedpatternsUSDCHFusdchfshort
Commenti
trading4freedom
⋅
Nicely spotted! Great work Tom!

A Gartley Pattern and an ABCD-Pattern is supporting your Trading-Idea. Have a look:



Happy Trading!
UnknownUnicorn180388
⋅
@trading4freedom, Thank you.
Very nice setup, I hope all goes well.
Joey3310
⋅
@tomhall, it will go up before drop ?
UnknownUnicorn180388
⋅
@Joey3310, A corrective period is certainly possible.
Joey3310
⋅
@tomhall, Im waiting for now , maybe tomorow will be the day for sell
UnknownUnicorn180388
⋅
@Joey3310, We will see how it plays out over the next week :-)
lyl89
⋅
hi Tom, great spot on USDCHF.

just enquiring if you use Fib Time Zone to check if the trade is still valid? thanks
UnknownUnicorn180388
⋅
@lyl89, Thank you.
No just simple Fib levels that price need to meet prior to entry.
lyl89
⋅
@tomhall, alright cool, I'm with you on this one =)
UnknownUnicorn180388
⋅
@lyl89, I hope all goes well.
Altro