bekkerm
Long

USDCHF Confluence with less obvious harmonics

FX:USDCHF   U.S. Dollar/Swiss Franc
52 1 0
This is not a typical harmonic pattern I usually look for but is does offer possibilities. It has confluence with 1.27 XA and AB=.786CD (or 1.27AB=CD). I went long in demo account to see how it plays out.
Initially I thought this to become a Butterfly but C did not retrace enough to qualify. It shows that not all perfect patterns provide a profit and at the same time imperfect patterns also do not guarantee a loss. So as a Butterfly I would not trade it but the confluence did convince me with sufficient reasoning. TG1 is at .382 AD.

Keep your feet warm and your head cool
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
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
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out