I've hit my first three targets after calling the short on USDCHF a month ago on August 21st. I had mentioned that getting to Target Three was going to be more difficult than targets One and Two. Nevertheless, the current Bear on this pair is firmly in place and there is still room on the downside as global markets are displaying a more risky appetite.
I've been writing about the USDCHF since March 2nd , where I mentioned that the Swiss looked like it would start giving up ground to the US Dollar. My analysis was correct and I've been LONG the pair with at least one contract since February 26th at 0.93878. Currently sitting on +127 pips profit and nearing my Fibonacci Extension Target Zone (Green Rectangle)....
Let's see if we can make some pips earlier in this week.This Gartley appears in this tf but if you see in the Daily chart this pair is in a support level , if the price hits target one ,then i close the half of the position, adjust the stop loss to break even and then we can wait without stress to see if price hits target 2 .
I'm pretty sure, that our movement is good enough atm. We passed the triangle resistance at 2150. Some changes made since the previous post and thats the way we go. The great V is forming right now. Our first target is 2400. Wish you big profits. Waiting for your comments, thank you.
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TRADE: BAT PATTERN
Waiting for price action to come up and hit our
D-Point completion, on this Bat Pattern, we're now
filled for a potential move to Target 1 and Target 2.
NOTE: These are potential trade opportunities. Please
So far EG is behaving as expected after weekly candle closed below trend line and harmonic pattern was completed. First target was hit at the 127 Fib extension, short remains active looking for it to hit the next level within 24hrs
Bat pattern is almost finished and ready to rally up. We have a very nice reversal zone with the confluence of diagonal support (red trendline) and 0.618 fibs confluence. Stops should go below the X and our targets will be 124.22 and 124.4.