US. Dollar v Swiss Franc Harmonic pattern on Daily

Long

U.S. Dollar / Swiss Franc (FX:USDCHF)

Updated

FX:USDCHF U.S. Dollar / Swiss Franc

5-0 harmonic pattern for buy at current price. 61.8 can be your first intial target from CD leg retrace, but with this pattern, I will go for 100 fib retrace. Good R/R with 9.5 to 1 if price moves to TP2. (TP is target profit)

Comment:

Though it stopped out in this idea, it is still a valid trade. I am still in the trade after the opening gap because I use a different SL as related to the idea. I believe it has the chance to fill the gap and continue in original basis.

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