Akil_Stokes
Short

GBPCHF Bat Pattern Retesting Previous Structure HIgh's

FX:GBPCHF   British Pound/Swiss Franc
I've been a bull on this pair over the last month or so but now I've got a short opportunity on my radar looking at a retest of previous structure highs on the daily. As a counter trend trader it's important to realize that I'm not looking for the big long-term move, simply a brief correction.

If this correction rolls over more than expected there's a 2nd potential bat pattern down at our previous structure lows giving true trend continuation traders an excellent spot to get involved with an outstanding risk/reward.

*Had issues posting them together but check out my ideas for the daily view of this chart relating to my comments*
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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fxoutlier
2 years ago
Got big bearish divergence on my 240m macd lining up with that bearish bat.
+1 Reply
Akil_Stokes TOP fxoutlier
2 years ago
Sweet, the more confirmation the better!
Reply
EWA
2 years ago
snapshot
Reply
Akil_Stokes TOP EWA
2 years ago
If the trade meets your rules then yes.
+1 Reply
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