U.S. Dollar / Swiss Franc

Long

USD/CHF - Long

By nadavhurwitz

Updated

The Setup

Downward Wedge bullish breakthrough on 4H chart.
Technical show a MACD & RSI divergence.

Trading

You can Enter Trade at current levels.
More conservative traders can wait for the price to retest the wedge pattern.
Stop Loss at 0.8846 (below last low of wedge ).
Suggested take profit levels shown as white horizontal lines.

Happy Trading!

Feel free to share your opinion.

Note

Bullish Perfect Bat Formation.

As the trade nears our stop loss, it seems that a bullish harmonic patter appears.
The 88.6% XA retracement aligns perfectly with the 1.27 AB = CD.

Currently on a 15 minute chart the Harmonic pattern has completed forming and trade is active.

If this pattern fails, our larger trade will likely get cut out at the stop.

snapshot

Disclaimer

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