dojitrader
Short

Could A Butterfly Mark The Turn Dollar Pairs ???

FX:USDCHF   U.S. Dollar/Swiss Franc
150 4 3
This interesting article has me looking for a dollar top:
http://peterlbrandt.com/u-s-dollar-seen-annual-high-low-january-20-past-21-years/
A Butterfly pattern would bolster that bias as they also tend to appear at
or near a trend change. (to bad they can't tell you how big a change)
Comes on the heals of a 3 drive I bailed on to early.
A well defined, low risk trade should it complete.

A 2fer ???
Euro             is showing the reciprocal buy pattern:
https://www.tradingview.com/e/xsS4bvVi/
This could be in the Making on very very large Time Frame
USDCHF Long Term Potential
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Or the break of Trend may indicate a longer term reversal !
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Thanks for the interesting perspective ~ !
+1 Reply
Just awoke to see these trades are active and with little pain, so far.
To my experience a pain free trade that turns negative rarely reverses again
and,
Overnight volatility, especially commodities, has me thinking this is just tooooo good to be true,
so,
I've already moved my stops to break even +3
If Stopped out I'll look for another potential opportunity to re enter.
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