Art_of_Trading
Short

USDCHF: Potential Bat pattern in Sideways Markets

FX:USDCHF   U.S. Dollar / Swiss Franc
On FX: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.
Very good mate!! Again down now?
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