drin
Short

Bearish Butterfly @USDCHF H4

FX:USDCHF   U.S. Dollar/Swiss Franc
10 months ago
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.
10 months ago
Trade closed: stop reached
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