USDCHF: Bullish AB=CD pattern
Updated
Hi traders,
On the USDCHF I'm looking to enter long at just above 1.00700. Why?
Entry: 1.00715
Stop: 1.00608
Target: 1.01149 = R:RR 4.06
Good luck traders! Updates will follow.
On the USDCHF I'm looking to enter long at just above 1.00700. Why?
- 61.8% Fibonacci retracement of XA
- Completed AB=CD pattern (100% Fibonacci extension of ABC)
- 127.2% Fibonacci extension of the ABA move
- Previous structure
- Continuation of the trend
Entry: 1.00715
Stop: 1.00608
Target: 1.01149 = R:RR 4.06
Good luck traders! Updates will follow.
Trade closed: target reached
Picture perfect!Note
Good start of the week guys!
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.