GBP.CHF - Short Opportunity @ Market

FX:GBPCHF   Pound British/Franc Swiss
On the GBP.CHF 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.

The price reversal zone on this pair is between 1.2832 & 1.2851
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 C to D move.
There is also an opportunity to look for extended targets at around 1.2700
Stop loss would be placed above X leg structure resistance .

Target 1 - 1.2776
Target 2 - 1.2742
I had like to share with you my view on oil and would love to hear your opinion about it .
I used Gartley pattern that seems to fit the graph.

I post the chart here:

Question is what would happen after the bounce of Friday, will we get higher than previous highs to 60$? if yes when?

We should also remind to ourselves we just broke the powerful support at 47$ , so in order to resume the upside we should see a fast move above 47$ ,doesn't it? RSI is oversold and seems to be wiling to get much higher on all frame smaller than weekly charts ...

I share the analyse , please comment if you think it is not accurate , thank you for all!

(will you enter long right now? )

+1 Balas
@jolu, Hi,

I would love to help but unfortunately my backtesting of patterns has been done strictly on currency pairs so i am unsure on the long term profitability on Oil.

Many regards,
jolu TomHall
@TomHall, Thank you so much for answering and for your honesty ..
+1 Balas
@jolu, Its my pleasure, i hope all goes well.
@jolu,Oil very hard to predicted to much policies affect most of the time and could change every thing
Boss, is it confirmed entry to target 1??
TomHall salah3827
@salah3827, I'm personally not in this trade as it doesn't fit my rules for entry.
jolu TomHall
@TomHall, hi
what are your rules for entery please?
@jolu, Hi,

Sorry it's not something I disclose.
@jolu, I have attached some content below that should be beneficial.

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