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UnknownUnicorn180388
Jan 5, 2017 2:14 PM

EUR.CHF - Bullish Bat Setup - 1.0662 Long

Euro Fx/Swiss FrancFXCM

Description

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 1.0662 & 1.0621
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 1.0941
Stop loss would be placed below X leg structure support .

Target 1 - 1.0792
Target 2 - 1.0870

Comment

Price has now broken below a strong level at 1.0685. a D leg completion is now expected.
Comments
EglandD
very nice work of you @tomhall, greetings!!
UnknownUnicorn180388
@EglandD, Thanks for the message :-)
LAFLMIA
what a precise call @tomhall Good work , Cheers!
UnknownUnicorn180388
@LAFLMIA, Thanks very much, hope you have a great day and weekend.
LAFLMIA
@tomhall, You as well
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