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.
bekkerm
2 years ago
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
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