akyong
Short

USDCHF: 2 Potential Patterns in Confluence with Structure

FX:USDCHF   U.S. Dollar/Swiss Franc
We have 2 potential patterns, namely the Bat and smaller Butterfly pattern completing in confluence with a previous support turn resistance level. Personally I will be taking this trade should price continue upwards to complete the Bat pattern .

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I would love to hear your opinion, feel free to comment, agree or disagree.

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Chief Currency Strategist
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riskmode TOP
2 years ago
Why RSI period of 7?
Reply
leszekstanislaw PRO riskmode
2 years ago
Exactly - why? More sensitive?
Reply
akyong leszekstanislaw
2 years ago
It is more sensitive yes. You can also use the default setting of 14
Reply
DonaldDuck
2 years ago
Great job
Reply
riskmode TOP
2 years ago
let's say the price of usdchf had gone up to .96. would you have adjusted your profit targets up to correspond to the new 38.2 and .618 fib levels?
Reply
akyong riskmode
2 years ago
No I personally won't.
Reply
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