USDCHF: Bullish AB=CD pattern

Hi traders,

On the USDCHF I'm looking to enter long at just above 1.00700. Why?

• 61.8% Fibonacci retracement of XA
  
• Completed AB=CD pattern (100% Fibonacci extension of ABC)
  
• 127.2% Fibonacci extension of the ABA move
  
• Previous structure
  
• Continuation of the trend
  

Entry: 1.00715
Stop: 1.00608
Target: 1.01149 = R:RR 4.06

Good luck traders! Updates will follow.

Trade closed: target reached:

Picture perfect!

Comment:

Good start of the week guys!