USD.CHF - Long Opportunity @ .9634
Updated
On the USD.CHF Daily chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between .9634 & .9547
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.0200
Stop loss would be placed below X leg structure support .
Target 1 - .9903
Target 2 - 1.007
The price reversal zone on this pair is between .9634 & .9547
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.0200
Stop loss would be placed below X leg structure support .
Target 1 - .9903
Target 2 - 1.007
Note
Thanks to khobi7 for spotting my minor mistake.Target 2 is 1.007 and not target 1 as shown on the diagram above.
The below text is correct.
Note
For those looking for rules on how to identify a Bat setup.
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