CAD/CHFLong
CAD/CHF - Harmonic Confluence
Updated
Hello traders, here we have CAD/CHF with a bullish bat and bullish AB=CD on the 4h chart.
Excellent opportunity with over 1:3 risk to reward.
I'm looking for a second entry on this move.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The D point completes on a level of daily support (chart is shown below), price is currently stalling on this level and I'm expecting an aggressive reversal.
Feel free to connect with me on social media :)
Excellent opportunity with over 1:3 risk to reward.
I'm looking for a second entry on this move.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The D point completes on a level of daily support (chart is shown below), price is currently stalling on this level and I'm expecting an aggressive reversal.
Feel free to connect with me on social media :)
Trade active
Note
We may experience a pullback to support before continuing the move up, to all those holding the trade make sure you secure profits.Note
After the pullback the move continued, we are now steadily approaching our final take profit level.I'm currently up 300 pips.
Trade closed: target reached
Well done to those who held the trade, huge profit!
📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
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.