EURCHF AB=CD At point C
Updated
Price has made another AB=CD pattern to point C.
On the one hour chart, price has broken and looks like it will retest the trend line.
Position boxes have been shown on the chart. Tightest stoploss below last low = 16 pips or more conservative is 45 pips.
Take profit at D point is a nice 230 pips giving a potential risk reward of 14.4 and 5.1 respectively.
On the one hour chart, price has broken and looks like it will retest the trend line.
Position boxes have been shown on the chart. Tightest stoploss below last low = 16 pips or more conservative is 45 pips.
Take profit at D point is a nice 230 pips giving a potential risk reward of 14.4 and 5.1 respectively.
Note
Price is making a nice bullish move to D. It is at an area of key support.
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