#USDCHF Prev Pattern (Long) Creating Another Pattern (Short)

2020-01-06 19:14:59

USDCHF as we observed (see related idea) had a pattern completion and we went long in the anticipation of 38.2 Fib level which has not reached yet. The market has created a 50% retracement and now could be forming a bearish at pattern completing right where we have our long position target i.e. 38.2 (0.97917). We can add to the long position when 0.97438 is broken or we can plan a short position again from 0.97917