Bat pattern on USDCHF
Hey guys,
today let's take a look at this oncoming opportunity on USDCHF. The reason for entry would be an advanced pattern formation (Bat) but i'm always more confident when i see also structure lining up with those levels i'm looking to buy or sell something.
Here you can see a black line that represents a key structure level that acted as support/resistance several times in the past. This line comes near to the bat's entry level.
And the overall trend is still bearish.
That's why i'm getting involved in this setup if price will trigger my order which's resting at 1,0021 level. Stops above X, targets at .382 and .618 of AD leg.
Feel free to comment below if you want to ask something or if you want to share your standpoint.
Otherwise, see you in the next chart!
today let's take a look at this oncoming opportunity on USDCHF. The reason for entry would be an advanced pattern formation (Bat) but i'm always more confident when i see also structure lining up with those levels i'm looking to buy or sell something.
Here you can see a black line that represents a key structure level that acted as support/resistance several times in the past. This line comes near to the bat's entry level.
And the overall trend is still bearish.
That's why i'm getting involved in this setup if price will trigger my order which's resting at 1,0021 level. Stops above X, targets at .382 and .618 of AD leg.
Feel free to comment below if you want to ask something or if you want to share your standpoint.
Otherwise, see you in the next chart!
Note
Nice Gartley on 1hr chart, long opportunity:Trade active
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.