TerryHarmonicTrading

USDCHF - Bearish Bat/ Alternate Bat

OANDA:USDCHF   U.S. Dollar / Swiss Franc
Have not been active in the English portal of TV for awhile, I hope I still have some followers watching my analysis.

Today, I'm sharing about my view that the USD rebound will continue.

USDCHF is a good way to play the strength, with my eventual targets for the rebound to end either at the bat pattern around 0.94 or the bearish alt bat pattern around 0.9520-0.9530.

This likely means we haven't seen the last of the stock market correction with DXY looking to establish higher levels in the coming days.

Therefore my conclusion for this week is to short XXX/USD on rebound or to long usd/XXX on pullback to support.

Good luck and good trading my friends!
学习正宗的和谐交易,只在和谐商学院。
https://hexie618.com
和谐交易1和2的翻译员就是我。

Comments

good analysis, but his pattern has not been completed.
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Great analysis. Like the idea of harmonic in trend.
But if you see the weekly chart, there's a Shark pattern recently completed so I think there's great possibility of invalidating of this pattern.
I'm personnaly long more than two weeks and this is the position I'm tracking:


You are good at harmonics I think, but using intraday TF usually limits the winning rate imo.
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TerryHarmonicTrading DarkWaveHunter
@DarkWaveHunter, thanks for the great feedback, congrats on your long. I am more of a H4 TF trader, just use h1 to finetune my entries. I have been trading harmonics for 9 yrs now, am very comfortable with the success rate and R:R of the system
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