USDCHF: Potential Bat pattern in Sideways Markets
On 
USDCHF, the price moves sideways; there is no clear bias, Who is in control Bears or Bulls?! However, it is possible to profit out of it.
There is a structure level at 0.97804, which acts as resistance lately. Also, potential bat pattern appears, which increase probability of this set-up. Thus;
T1: 38.2%
T2: 61.8%
PS: There is a strong bullish bar; In my opinion, it needs extra cautious, as momentum has to pass to feel comfortable entering this set-up.
USDCHF, the price moves sideways; there is no clear bias, Who is in control Bears or Bulls?! However, it is possible to profit out of it.There is a structure level at 0.97804, which acts as resistance lately. Also, potential bat pattern appears, which increase probability of this set-up. Thus;
T1: 38.2%
T2: 61.8%
PS: There is a strong bullish bar; In my opinion, it needs extra cautious, as momentum has to pass to feel comfortable entering this set-up.
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.