dojitrader
Long

Three Steps To A Bottom ???

FX:USDCHF   U.S. Dollar / Swiss Franc
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73 4
This doesn't really qualify as a 3 drive pattern, yet, the
harmonics are intriguing, so, I'll call it a 3 step down pattern.
A = C @ .8895 so this is active with small stops needed
to know I'm wrong.
The hourly chart shows a small hammer so entry at this
point is still a valid play.
Re entry out on stops for a few pips loss.
The third time may have been the charm
with this double bottom, but, you have to
sleep sometime, don't you ?
Reply
Re entering on this 2 hour hammer with
a large divergence in RSI
@ .8872 with stops @ .88489

wishing it was a green hammer in stead of a red but,
a hammer is a hammer, I guess.
Reply
dojitrader dojitrader
UsdChf is soooooo weak ---
Moving stops to .8869
Reply
Guess the hourly hammer was too small for the nail.
Out on stops for - 22 pips.
Reply
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