USD/CHF - Long

12 thg 12, 2020

USDCHF

The Setup

• Downward Wedge bullish breakthrough on 4H chart.
  
• Technical show a MACD & RSI divergence.
  

Trading

• You can Enter Trade at current levels.
  
• More conservative traders can wait for the price to retest the wedge pattern.
  
  
• Stop Loss at 0.8846 (below last low of wedge ).
  
  
• Suggested take profit levels shown as white horizontal lines.
  

Happy Trading!

Feel free to share your opinion.

14 thg 12, 2020

Ghi chú

Bullish Perfect Bat Formation.

As the trade nears our stop loss, it seems that a bullish harmonic patter appears.
The 88.6% XA retracement aligns perfectly with the 1.27 AB = CD.

Currently on a 15 minute chart the Harmonic pattern has completed forming and trade is active.

If this pattern fails, our larger trade will likely get cut out at the stop.