bertusch

UPDATE ON PREVIOUS CHART, PATTERNS ON USDCHF

FX:USDCHF   U.S. Dollar/Swiss Franc
147 1 0
So my last setup was kind of messed up, excuse me for that. We had a CRAB pattern (not Bat) accompanied by a Cypher Pattern . The Cyper Pattern was stronger than the crab pattern and that one, as it seems now, is getting filled nicely. If we get a nice confirmation on that pattern it might go even higher eventually completing a nice Gartley pattern before we start dropping down again. HOWEVER: there are two major candles which first off crushed a lot of zones which needs to be broken again. Therefore I'm setting my profits on the 0.382 retracement of the CD leg of the Cypher and will let the trade (for half the position, maybe a third) run to possible completion of the Gartley Pattern , this should happen with a BIG BULLISH candle otherwise the pattern will be invalid and you, and I should not trade it.
RSI levels are showing Divergence, Oversold (up to H1) we got levels. For me this is a 100% trade.
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