forextamil
Long

USDCHF: FAILED TO EXECUTE A PATTERN-BEARISH.

FX:USDCHF   U.S. Dollar / Swiss Franc
Hi traders,

In a day time-scale, the chart setting a solid base in favour of a hike for CHF.

At the point 0.95828, the market executed a potential impulse and hoisted a flag correction.

After a correction formation, the chart printed a powerful impulse to break the pattern.

Usually, an impulse is followed by the correction break out. But the chart emitted a triangle formation instead of impulse (shown in the graph).

By the triangle execution, I'm suspecting one more break out yet to happen in beneath the triangle formation(shown in the graph).

If the breakout executed means, signals may form a thunderbolt structure (i.e) an impulse to down and a correction to the top again back to down (shown in the graph).

Or else end the trade at 1.00150.

KEEP EYES ON CHART, WATCH THE MOVE AND DECIDE YOUR TRADE.

SIGNAL SPECIFICATION:

Pair: USDCHF

Order: SELL

Entry: 0.99208

Take profit 1: 0.98035

Take profit 2: 0.96665

Stop loss:1.00150

Risk Vs Reward:2.78


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Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
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Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

Note: Everything works with Best money management.

Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Best
Forextamil
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