On the EUR.CHF Daily chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 1.0663 & 1.0622
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 A to D move.
There is also an opportunity to look for extended targets at 1.0939
Stop loss would be placed below X leg structure support.
Target 1 - 1.0792
Target 2 - 1.0874
The price reversal zone on this pair is between 1.0663 & 1.0622
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 A to D move.
There is also an opportunity to look for extended targets at 1.0939
Stop loss would be placed below X leg structure support.
Target 1 - 1.0792
Target 2 - 1.0874
Comment:
Price closed below 1.0684 which gives us an indication a push lower is possible in the coming days.