Euro / Swiss FrancShort
EURCHF: Bearish Bat
If price action breaks through strong S&R area at 1.074*, we might see a bearish bat forming around 1.0753. Entry level is somewhere between 1.07569 and 1.07501 (watch out for price reversal signs like RSI overbought, pin bar, reversal candle, etc.). S/L is above X at 1.07531.
Target 1 above 0.382 C/D retracement (previously support & resistance level), target 2 above 0.618 C/D retracement. Watch out for resistance in the strong S&R area and below 0.382 retracement. Be ready for closing position early after break through 0.382 retracment.
Target 1 above 0.382 C/D retracement (previously support & resistance level), target 2 above 0.618 C/D retracement. Watch out for resistance in the strong S&R area and below 0.382 retracement. Be ready for closing position early after break through 0.382 retracment.
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