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!
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out