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.
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.