ICFX

Classic Evening Star on USDCHF daily

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Very fine evening star on USDCHF completed by July 1st 2018. It hasnt been seen here since last year. Evening Star is among top 10 reversal patterns. 72 percent guarantee that price will reverse (Bulkowski's candlestick patterns stats). I also plotted Hurst cycle channel and Bollinger band. Both of 200 periods (days). Evening Star reduces to paper ubrella (bearish pin bar) next day (today July 2nd). So I would expect price to get somewhere to 99.176 by New York close today. I set SL above the upper Evening Star´s tail.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.