There is a bearish bat for GBPCHF. Bearish bias is confirmed by a red shooting star occurring at a potential reversal zone. Price entry at 1.37770 is based on the close of that candlestick. Stop loss is just above point X while take profit targets are set at the 38.2 and 61.8 Fibonacci retracement of leg AD and point A.
Trade Setup: Bearish Bat
Price Entry 1.37770
SL 1.38134 | SL pips 36.4
TP1 1.37197 | TP1 pips 57.3
TP2 1.36746 | TP2 pips 102.4
TP3 1.36017 | TP3 pips 175.3
RRR1 1.57 | RRR2 2.81 | RRR3 4.82
Status/Remarks: TP1, TP2, & TP3 hit! :)
Trade Setup: Bearish Bat
Price Entry 1.37770
SL 1.38134 | SL pips 36.4
TP1 1.37197 | TP1 pips 57.3
TP2 1.36746 | TP2 pips 102.4
TP3 1.36017 | TP3 pips 175.3
RRR1 1.57 | RRR2 2.81 | RRR3 4.82
Status/Remarks: TP1, TP2, & TP3 hit! :)