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ICFX
Jul 2, 2018 5:53 PM

Classic Evening Star on USDCHF daily Short

U.S. Dollar/Swiss FrancFXCM

Description

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.
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