USD.CHF - BEARISH BAT SETUP - 1.0024
On the USD.CHF 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.0024 & 1.0044
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around .9884
Stop loss would be placed above X leg structure resistance.
Target 1 - .9960
Target 2 - .9922
The price reversal zone on this pair is between 1.0024 & 1.0044
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around .9884
Stop loss would be placed above X leg structure resistance.
Target 1 - .9960
Target 2 - .9922
Comment:
A pullback to .9970 is expected before a push towards the D leg completion.
Comment:
D leg is now complete at 1.0024