USDCHF is still on a uptrend and there is a bullish bat again. The bullish bias is confirmed by a red hammer, lack of a lower low, and a green candlestick closing at 0.95446 which also guided price entry. Stop loss is placed just below point X while take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A.
Trade Setup: Bullish Bat
Price Entry 0.95446
SL 0.95186 | SL pips 26.0
TP1 0.95783 | TP1 pips 33.7
TP2 0.96056 | TP2 pips 61.0
TP3 0.96496 | TP3 pips 105.0
RRR1 1.30 | RRR2 2.35 | RRR3 4.04
Status/Remarks: TP1, TP2, & TP3 hit! :)
Trade Setup: Bullish Bat
Price Entry 0.95446
SL 0.95186 | SL pips 26.0
TP1 0.95783 | TP1 pips 33.7
TP2 0.96056 | TP2 pips 61.0
TP3 0.96496 | TP3 pips 105.0
RRR1 1.30 | RRR2 2.35 | RRR3 4.04
Status/Remarks: TP1, TP2, & TP3 hit! :)