JonyFxHunter

Bullish Bat@0.886XA

Long
JonyFxHunter Updated   
OANDA:CADCHF   CAD/CHF
- Hello again Traders, I don't know if you didn't notice but the market this week it's really complicated to trade,
so many Patterns have been invalidated and others the price hit the SLs, just be careful.
But I'm not here to speak about it, we already know the environment we are in, so let's just follow the flux of the market.

- Here we have a nice Bullish Bat Pattern being formed over the downtrend, I believe this going to be finally the reversal of the trend cause the price it's going to test not just the Harmonic Pattern but also the Support Line there, and believe this's a strong support line, nevertheless let's just wait to see what's going to happen here.
Okay, the rules keep the same with the variation of the structures:
1. Harmonic Pattern Completion (Bat@0.886) - 58% Complete & Waiting;
2. PRZ Hit - Waiting;
3. Support Line Test - Here we have to wait for a false breakout;
4. PRZ Test - Waiting;
5. Candlestick Reversal Sign - Waiting;
6. Candlestick Confirmation Sign - Waiting;
7. Risk Management - Applied;
8. Risk Reward - 1/3;

" If there are nine rabbits on the ground,
if you want to catch one, just focus on one"
Jack Ma






Comment:
Can you see that, the market it's coming back to the normal and that's giving some profits!
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