TOPFX.Kimmy
Long

AUDCHF H1 POTENTIAL BULLISH BAT PATTERN

FX:AUDCHF   Australian Dollar/Swiss Franc
10 months ago
We can see that the pairing has started heading to the bullish direction by breaking the 0.70982 resistance line. For now, going long is the best option where there is no sign of bearish evidence at the moment.

A potential bullish bat pattern also appeared as we can see from the chart, the entry of the Bat lines up perfectly to the highly respected area, therefore it increases our chance of winning as a long position.

Blue box is the floating area for this trade, it forms by taking the current possible support (0.70335) and the next possible support (0.70011). Stop loss is placed just below the blue box just in case the current possible can't hold the pressure.

1) Bullish Bat Pattern @ 0.70335 (TP : 0.71039 | SL : 0.69966)
2) Retest Highly respected area (Horizontal Aqua)
3) Possible floating area (Blue Box)

Comments are highly welcomed here, regardless criticize or complement!! We learn by giving, accepting and respecting each other's opinion. Thanks, and happy trading TRADINGVIEWERS!!!

10 months ago
Comment: TP hit, trade closed.
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