Euro / Swiss FrancShort
EURCHF POTENTIAL SELL
Price reached a 4 Hours Order Block and it has completed a BAT Harmonic Pattern that shows potential reversal.
BEARISH BAT PATTERN
X - The highest point
A - the lowest point
B - 50- 61.8 Fib on XA
C - 32.8-1 Fib on AB . It cannot go under point A
D - 88.6 retracement on XA Fib
Once D is completed , we look for a potential trend reversal.
ENTRY ZONE - is the 4H order block area.
We need to wait for the following:
1- price has to go at least at 50% into the 4H order block
2 - price has to BOS- break structure downwards in 15 MIN
3 - price has to retrace to at least 38-61% GANN BOX LEVELS
STOP LOSS
above the X point (add the spread) or above the 4H Order Block
TARGETS
TP1 - 61.8 level of Fib
TP2 - 50 level of Fib
TP3 - 32.8 level of Fib
Both TP align with order blocks
#SMARTMONEY
#EURCHF
#INSTITUTIONALLEVELS
#GARTLEY PATTERN
#HARMONIC PATTERNS
BEARISH BAT PATTERN
X - The highest point
A - the lowest point
B - 50- 61.8 Fib on XA
C - 32.8-1 Fib on AB . It cannot go under point A
D - 88.6 retracement on XA Fib
Once D is completed , we look for a potential trend reversal.
ENTRY ZONE - is the 4H order block area.
We need to wait for the following:
1- price has to go at least at 50% into the 4H order block
2 - price has to BOS- break structure downwards in 15 MIN
3 - price has to retrace to at least 38-61% GANN BOX LEVELS
STOP LOSS
above the X point (add the spread) or above the 4H Order Block
TARGETS
TP1 - 61.8 level of Fib
TP2 - 50 level of Fib
TP3 - 32.8 level of Fib
Both TP align with order blocks
#SMARTMONEY
#EURCHF
#INSTITUTIONALLEVELS
#GARTLEY PATTERN
#HARMONIC PATTERNS
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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.