EverythingForex
Short

ALERT! USDCHF: Bearish Bat Completion ***INVALID***

FX:USDCHF   U.S. Dollar/Swiss Franc
UPDATE: Prices have closed above this bear Bat making it INVALID. Will wait to and re-analyze for another entry.

In my previous post about this pair, "USDCHF: 1 Bearish BAT near complete + 1 Bullish Cypher Waiting..", I alerted everyone about a possible bearish Bat pattern that could be near to complete. PA has now reached it's D point to complete the pattern. Additionally, the RSI shows an oversold condition. I am now short on this pair with S/L at Point X of the Bat.
BIG NEWS! Want a FULL WEEK of FREE ACCESS to my member's charts & analysis? If you want it, PM me! Also, for all who PM me, you will be entered to win a FREE MONTH'S Subscription! PM me for details!
ForexEasypips
a year ago
It has hit my stop loss. wgat do u think with a long?
Reply
EverythingForex PRO ForexEasypips
a year ago
The S/L for this trade should be above the X point at 0.94263. Prices have not yet reached there yet. If it does get stopped out, then that's the end of the trade. I would not get long just because you got stopped out. I would wait and re-access the situation and make another plan as to what to do next.

Also, I would wait and see what kind of price bar (candlestick if you use that) develops. If it DOES NOT CLOSE above the X point, then I would consider a possible re-entry short as IMO, unless it closes above the X point, the pattern is still valid.
Reply
ForexEasypips EverythingForex
a year ago
thanks
Reply
UPDATE! This bearish BAT has now been invalidated. Prices have closed above the X point of this pattern. Will re-analyze the market and wait to look for another entry......
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out