USD/CHF - Long

USDCHF

The Setup

• Downward Wedge bullish breakthrough on 4H chart.
  
• Technical show a MACD & RSI divergence.
  

Trading

• You can Enter Trade at current levels.
  
• More conservative traders can wait for the price to retest the wedge pattern.
  
  
• Stop Loss at 0.8846 (below last low of wedge ).
  
  
• Suggested take profit levels shown as white horizontal lines.
  

Happy Trading!

Feel free to share your opinion.

Komentarz:

Bullish Perfect Bat Formation.

As the trade nears our stop loss, it seems that a bullish harmonic patter appears.
The 88.6% XA retracement aligns perfectly with the 1.27 AB = CD.

Currently on a 15 minute chart the Harmonic pattern has completed forming and trade is active.

If this pattern fails, our larger trade will likely get cut out at the stop.