USDCHF Bear Bat Follow Up

FX:USDCHF   U.S. Dollar / Swiss Franc
Following up on an idea that I posted last week. The USDCHF             is now at a point where traders who are aggressive with their risk management can look to roll and trails tops with structure (on the 4hr TF)

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Hello Akil....
I asked Jason the same question, but he may have missed it.... I guess asking you is same as asking him....
I heard that he does not use currency co-relation and believe to take each pair individually.
What I would like to ask is if you there are two patterns each with a 'long' signal are filled on two different pairs in which probably one pair has USD at 'quote' and in another USD at 'base'....Would you take the trades...? Since both the pair become inversely related....
hi akil, is this still valid?
+1 Reply
Yes it's still valid, just put in a double top. I'd be concerned with the retracement back into previous structure just from a price action perspective, the the actually pattern is still valid, with even a chance to use a smaller stop loss
great, Your work gaves me some kind of clearness,
thanks for sharing
+1 Reply
Thanks, that's great to hear.
Akil, great structure set-up here and wise words within the comments... As long as our R:R is suffice and probability of trade is in our favours.
Look forward to networking and analysing with you, #Harmonics #Trendtrader #Fibonacciratios #Swingtrader
+1 Reply
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