61.8% can not touch 78.6% XA
38.2% to 88.6% AB
127% ext AB
TP1 38.2% AD
TP2 61.8% AD
161% ext BC
261% ext BC
TP1 61.8% CD
TP2 127% CD
Wait for divergence... ;)
On the NZDCHF we are going towards a completed bat pattern, at point D. This is around the 0.68 area. This is a good entry point for a short position.
INFO ON THIS TRADE
Target 1: 0.6635 (Risk:Reward = 1 : 1.8)
Target 2: 0.6535 (Risk:Reward = 1 : 3)
When being 75 pips in profit, move...
Hello everyone this trade is based on harmonic pattern and also the obvious structure. I have highlighted the targets on the chart.
For info: kevinSdhaliwal@hotmail.com
The Swiss franc has seen some action as traders move in and out of safe-haven assets, no matter what the Swiss National Bank implements (franc futures has a .82 correlation with gold).
With the ECB hinting that more quantitative easing is possible ahead of the rate decision March 10, the SNB may feel obliged to intervene to stop any significant appreciation in...
Throwing up another chart from my weekly analysis for any feedback.
A double bottom has formed around the 0.64000 level and is rising. IMO if price breaks through the 0.66600 level resistance should occur at 0.68500. I believe this would be a chance for a reversal set up if a bearish candlestick pattern formed. Eg: High test.
I would be looking to exit...