USDCHF - Two possible outcomes

FX:USDCHF   U.S. Dollar / Swiss Franc
Currently watching this pair very closely, as it's forming a Bat pattern with completion near a supply level , which gives us a higher probability trade. There are also two well defined targets for this Bat pattern . First target around the 38.2 retracement, as there is a strong structure level and then a second target would be the confluence between the 61.8 retracement and the demand level .

The second target provide us another trade opportunity, in this case, a long opportunity with targets around the 0.8956.

If the demand level is reached before the completion of the Bat pattern , then we would like to be on the bulls side with max taking profit level at the completion of the Bat pattern and then go short from there.

Any direction prices takes from now, it's good to be prepared and have a trading plan.

Good luck to everyone!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out