Fxprotrader
Long

USDCHF: Pending Bullish AB=CD Pattern At Key Level

FX:USDCHF   U.S. Dollar/Swiss Franc
USDCHF             has been dropping since last week and has now reached a level where there is a great chance that this sell off might end. Some pips more and price will reach the median line of a valid slope pitchfork , where we will have the completion of a bullish ab=cd pattern and a double bottom .

Depending on your strategy you should watch for a buy setup at this level or you may just trade the completion of the abcd pattern .
Comment: For those who are long at this setup, i suggest you take your profits (or at least move stoploss to BE) as price has reached to a previous structure level. I personally didn't get in because no setup was completed based on my strategy. For those who joined this one, well done :)
A bit earlier than you but thank you very much. I entered at .95490. SMTM
Reply
Fxprotrader Batman-oz
You are welcome mate :) I think your entry point is pretty ok, as long long it meets your strategy criteria..!
+1 Reply
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