drin
Short

Bearish Butterfly @USDCHF H4

FX:USDCHF   U.S. Dollar/Swiss Franc
Bearish Butterfly pattern has formed in USDCHF             H4 chart.The price is also within a channel and is protected by a resistance line. RSI Divergence is also shown.Stop loss is placed in the next resistance line.Target 1 is placed at B point, and target 2 at a minor resistance point.If price reverses,look out for taking profits in case price starts to reverse at 38.2 and 61.8 fib levels of XA leg of the move.
Trade closed: stop reached
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out