USDCHF: Potential Bat pattern in Sideways Markets
On
USDCHF
, the price moves sideways; there is no clear bias, Who is in control Bears or Bulls?! However, it is possible to profit out of it.
There is a structure level at 0.97804, which acts as resistance lately. Also, potential bat pattern appears, which increase probability of this set-up. Thus;
T1: 38.2%
T2: 61.8%
PS: There is a strong bullish bar; In my opinion, it needs extra cautious, as momentum has to pass to feel comfortable entering this set-up.
USDCHF
, the price moves sideways; there is no clear bias, Who is in control Bears or Bulls?! However, it is possible to profit out of it. There is a structure level at 0.97804, which acts as resistance lately. Also, potential bat pattern appears, which increase probability of this set-up. Thus;
T1: 38.2%
T2: 61.8%
PS: There is a strong bullish bar; In my opinion, it needs extra cautious, as momentum has to pass to feel comfortable entering this set-up.