GBP/CHF: Possible bullish bat, B point surpassed now.
This has been on my watchlist for a while now so I set up a couple of alert lines on it to make sure I didn't miss anything important...
Today I had an alert triggered when PA went below the B point level of this possible bullish bat!
It's early still but worth sharing it anyway imo.
Completion would be around the 1.4000 round level which could be a target for traders who are short on this pair, so some sort of reversal there seems likely to me.
If we get to completion I will enter long as per the trade setups in the chart. I will take 70-80% at TP1 and will be watching PA closely if or when it comes close to one of those possible down trendlines so that I can react quickly and possibly close or add longs at that point!
When/if we get closer to completion I will be looking for confluence from possible harmonic moves and possible oscillator divergence or other signs in the direction of this bat setup.
Today I had an alert triggered when PA went below the B point level of this possible bullish bat!
It's early still but worth sharing it anyway imo.
Completion would be around the 1.4000 round level which could be a target for traders who are short on this pair, so some sort of reversal there seems likely to me.
If we get to completion I will enter long as per the trade setups in the chart. I will take 70-80% at TP1 and will be watching PA closely if or when it comes close to one of those possible down trendlines so that I can react quickly and possibly close or add longs at that point!
When/if we get closer to completion I will be looking for confluence from possible harmonic moves and possible oscillator divergence or other signs in the direction of this bat setup.
