USDCHF Possible Butterfly
still learning. *This is my view, and is not meant as advice for others to trade!
this is a long-term one. I saw this taking shape several weeks ago at the B leg, it did go to the C leg. But to even get to at what I'm hinting at, the D leg, we'll be somewhere in 2019 end of q1/q2. Going long now, would be the aggressive trade, and could be rewardable in the long-term. But this one takes patience, so, if, price gets to D, i'll short it. 1st target, at Fib retracement from A leg to D leg, at the .382 retracement and stop-loss at the Fib extension from A to X back to A leg, between 1.414 and 1.618 level.
Constructive comments/criticism appreciated :)
Safe trading
this is a long-term one. I saw this taking shape several weeks ago at the B leg, it did go to the C leg. But to even get to at what I'm hinting at, the D leg, we'll be somewhere in 2019 end of q1/q2. Going long now, would be the aggressive trade, and could be rewardable in the long-term. But this one takes patience, so, if, price gets to D, i'll short it. 1st target, at Fib retracement from A leg to D leg, at the .382 retracement and stop-loss at the Fib extension from A to X back to A leg, between 1.414 and 1.618 level.
Constructive comments/criticism appreciated :)
Safe trading
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