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stocktrader15
Dec 6, 2015 5:27 PM

GBPCHF Long

British Pound/Swiss FrancFXCM

Description

This bat pattern could be what we need to kick start the correction from that big ab=cd to the left, a good buy entry could be a break of the CCI trend line as the price enters the cloud, with the stop behind the X point of the Bat pattern. Then when the price broke out of the other side of the cloud I would move stop to break even. I would look tp take profits based on the structure made by the ab=cd, probably around the 1 and .618 fib lines. Good luck :)
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