keeping an eye on how USDCHF evolves
we can see 2 bat patterns on the 4h timeframe:
1) the first one close quite above the 1,272 fib level ( considering trend harmonics) so this might nog be so significant, though I believe we will see a little drawback in the red square
2) the second one closes right at the 0,886 fib level of the freefall in January. It's also not that far away from the HC in months ( meaning a good SL position)
note that these 2 patterns are counter trend patterns, so they should fit in your strategy plus the "greek crisis" might also have a slight bullish impact on this pair
This is just an idea, but depending on how the price evolves, I'll look at it in more detail.
1) the first one close quite above the 1,272 fib level ( considering trend harmonics) so this might nog be so significant, though I believe we will see a little drawback in the red square
2) the second one closes right at the 0,886 fib level of the freefall in January. It's also not that far away from the HC in months ( meaning a good SL position)
note that these 2 patterns are counter trend patterns, so they should fit in your strategy plus the "greek crisis" might also have a slight bullish impact on this pair
This is just an idea, but depending on how the price evolves, I'll look at it in more detail.
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.