CHART TIMEFRAME: H1
TREND ON THE CHART TIMEFRAME: BEARISH
FACTS AND PATTERNS: Bullish Crab Pattern Formation
POSSIBLE “PREDICTED” PRICE ACTION: GBPCHF may test FIBO 161.80 retracement and react upwards.
ACCURACY: 86%
EURCHF TRADE IDEA: ( SHORT TERM – INTRADAY )
TRADE: LONG
AREA OF ENTRY: 1.31100 – 1.30900
STOP LOSS: 1.30400
TAKE PROFIT 1: 1.31500
TAKE PROFIT 2: 1.31800
EXTENDED TARGET: 1.32300
WHAT TO PAY ATTENTION: If the price reaches the area of entry, wait for an hourly closing above the entry level. Trades set up is valid for 4 H1 candlesticks.
TREND ON THE CHART TIMEFRAME: BEARISH
FACTS AND PATTERNS: Bullish Crab Pattern Formation
POSSIBLE “PREDICTED” PRICE ACTION: GBPCHF may test FIBO 161.80 retracement and react upwards.
ACCURACY: 86%
EURCHF TRADE IDEA: ( SHORT TERM – INTRADAY )
TRADE: LONG
AREA OF ENTRY: 1.31100 – 1.30900
STOP LOSS: 1.30400
TAKE PROFIT 1: 1.31500
TAKE PROFIT 2: 1.31800
EXTENDED TARGET: 1.32300
WHAT TO PAY ATTENTION: If the price reaches the area of entry, wait for an hourly closing above the entry level. Trades set up is valid for 4 H1 candlesticks.