FX:AUDCHF   Australian Dollar/Swiss Franc
On the AUD/CHF             1h chart we have a potential long opportunity at the D leg completion of a small Bat Pattern .

The price reversal zone between 0.6895 & 0.6905 is very narrow on this setup, this is due to a deep B leg retracement.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Due to a strong B leg retracement the D leg will complete at the X leg ( Double Bottom ) giving us a little more confirmation to look long.

Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure support.

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BLUE43 TOP
a year ago
same on Au
+1 Reply
BLUE43 TOP BLUE43
a year ago
https://www.tradingview.com/chart/jGiHBZ71/
+1 Reply
TomHall TOP BLUE43
a year ago
I agree.
Reply
Josphat89
a year ago
Nice one there!
+1 Reply
TomHall TOP Josphat89
a year ago
Thank you.
Reply
BLUE43 TOP Josphat89
a year ago
Thank you ! :-)
Reply
Omnishambles
a year ago
Hi Tom,

I believe you use FXCM as your broker? Do you notice any discrepancies between the data on TradingView and on Metratrader i.e. are setups on here always valid when you go to trade them on Metatrader?

Thanks in advance,
Michael
+1 Reply
TomHall TOP Omnishambles
a year ago
Hi Michael,

That's a very good question that I get asked a lot.
The only answer I can give is to choose which charting package you are going to use and stick with it.
For example some trades are valid on the MT4 and not on other platforms, so make sure your consistent with the platform you use to stop any confusion.
I know its a very vague answer but I hope its helped answer your question.
Reply
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