Fxprotrader

USDCHF Potential Big Move To The Down

FX:USDCHF   U.S. Dollar / Swiss Franc
348 1 17
In a previous post i showed two harmonic patterns in the 4h chart. The bearish gartley which is working great till now has push price lower where is testing a key level. If you have a breakout at this point we should wait for a correction and then we will be able to go short for a possible big move to the down.

If the breakout happens we should see the start of the correction at the completion of a pending bullish gartley pattern.

You may see the patterns here:
Comment: Breakout has happened. The bearish gartley works wonders. We can now see the bullish one be completed.
Trade active: We have the completion of the pattern. Most likely the correction has started. A massive bullish divergence with MACD and the breakout of CD wave give us an excellent setup.

Stoploss and profit targets as shown at the chart.

snapshot
Trade closed: target reached: First target reached, 155 pips profit. We now move stoploss to breakeven at second position.
The long should pay off. ;)
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