KVE
Short

GBP/CHF: Short on completion of the bat(s)

FX:GBPCHF   British Pound/Swiss Franc
26 1 1
Possible bat or alt bat patterns to enter short from. The alt bat has my preference since it completes close to the 61.8% fib level and to possible resistance from a downsloping trendline. The bat(s) are very premature since PA has not completed C yet but I'm counting on further movements between the lower support and higher resistance zones @ the 38.2 and 61.8 fib levels and am trying to catch some of the action...

The short trade has it's SL well above the resistance zone @ the 61.8 fib level and also above the down trendline.

Agressive traders could attempt to catch the move up from a bounce of a possible up trendline and .886 retracement of the AB leg of one of the possible bats and with SL well below the support zone.

PLEASE NOTE: THIS LONG TRADE IS A HIGH RISK TRADE AND I AM NOT TAKING IT MYSELF!!

KVE PRO
a year ago
Only 1 target met for the agressive trade, those who took it would have taken profits at that target and stopped out at BE.
The bat(s) are now invalidated, no short trade opened, all my sell orders are now cancelled.
The big bat could still be in play.
Closed idea!
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