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MikulovicFOREX

USDCHF: bearish signal

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
MikulovicFOREX Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Harmonic Patterns Chart Patterns Alternate Bat USDCHF
9
0
harmonicpatterns chartpattern alternatebat usdchf
Here we see a bull alt bat followed by a classic bear bat.

This could lead to a selling opportunity on USD/CHF. A 30 pip risk with entries around 0.939 should keep our position safe.

Total risk should be no more then 3% on any particular trade.

Trade active
Comment:
The bat pattern was a bust in my books, but we still managed to form a very extended butterfly pattern with what appears to be a forming h&s pattern confirming the trade:

snapshot
Trade closed: stop reached
Comment:
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