KVE
Long

USD/CHF: Possible bullish bat pattern on the hourly.

FX:USDCHF   U.S. Dollar/Swiss Franc
35 3 3
a year ago
See the pink bat drawn in the chart. In the background one can notice that there could be several other patterns (blue and orange, see my other idea's) in play on larger timeframes ( cypher and/or shark patterns). Because of the fact that I think this pair will be going down for a while now (also see my previous idea's) this bat setup could be seen as counter-trend trading.

I will therefor take at least 70-80% at TP1, and only a possible 20-30% remaining part at TP2. I will trail SL to just below the bat X level (careful traders might trail to BE) if we get to TP1.
SL should be below X, some people might have it a bit higher than me (say 0.9660) but I prefer to have at least somewhat more wiggle-room (be it only 5-6 pips...), allthough this will get me a less favourable R/R...

Good luck!
a year ago
Trade closed: target reached
KVE PRO
a year ago
Still on for this one!!
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KVE PRO
a year ago
Trade triggered this morning, TP1 met!!
Not in anymore for TP2 since I made a mistake in my orders: I put in 0.9723 instead of 0.9763... Oh well, small profit booked in any case...

Those who took it and are still in: SL should be at BE!
Good luck in reaching TP2!
Reply
KVE PRO
a year ago
SUCCESS, TP2 reached!

CLOSED
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