BrianSoh
Short

Short opportunity on USD/CHF D1 - imperfect Crab into Bat

FX:USDCHF   U.S. Dollar / Swiss Franc
A very interesting setup on the USD/CHF             daily chart . A bearish bat has just completed and is retracing, currently being held by the 50% fib level from A to D. A good point to enter would be after price tests and holds either the 38.2% or 23.6% levels (blue arrows on chart).

Stop loss above D leg of Bat at 1.025555.

Profit targets at confluence of Crab and Bat fib levels: conservative one at bottom of Bat A leg (around 0.97825), and a more aggressive one at bottom of Crab C leg (around 0.94855).

Risk to reward ratios anywhere between 1:6 to 2:3. Just pick something healthy.

These are just some levels I would be willing to trade at and are obviously not guaranteed.

All the best!
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