USDCHF Daily Bearish Bat Pattern

FX:USDCHF   U.S. Dollar/Swiss Franc
With not a lot going on in the markets thus far this week I started venturing outside of my usual trading portfolio to fins some ideas I could share with my Syndicate clients. This was one that really popped out to me.

In light blue is a bearish bat pattern with some extra Fibonacci confluence within my killzone. More importantly is the large bearish candle that exist 2 bars from the "X" leg. I've been looking into these types of candles over the past few months and although I haven't finished my personal studies on them, I can tell you that the area around them seem to act as great potential reversal zones. This one happens to be an "X" leg which means previous structure highs as well.

As I told my Syndicate members if the pattern itself is too large for your liking, keep an eye out for when price action enters that killzone and see if you can use a lower timeframe technique to involve yourself in the trade.

*I've been getting some positive feedback from this mornings blog post so here's the link if you wanted to check it out. http://ratiotradingmentor.com/2014/07/29/your-eyes-will-lie/
Trade Empowered "Empowering Traders Worldwide"

FREE Training & Workshops - http://buff.ly/2udJgeT
My Latest Trading Video - http://buff.ly/2tJbZ8G
Educational Services - http://buff.ly/2h2c5qg

Great Akil! Many advanced pattern forming in this pair! I'm currently long for a short term scalp with T1 on your Bat completion area. Actually A bigger Gartley is setting up.
USDCHF 1D: a long scalp before bearish Gartley, Cypher
USDCHF: Assessing the upside risk

Agree, pattern is there
+1 Reply
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out