Swiss Franc 2 Possible Bearish Patterns for Short Opportunity

28 Şub 2017

I like this set-up. Factors influencing me are:

Bearish Bat Pattern (Purple)
Bearish Butterfly Pattern (Blue)
RSI Overbought
Negative Divergence in RSI (RSI making higher high while price making lower highs (dark blue lines))
Trendline from the recent highs

I have set a a limit order at 1.0026 for the completion of the bat pattern and will keep it as long as price does not make a new pattern before then. If I decide to take the bearish butterfly I will update.

28 Şub 2017

Not

Placed order to short 1 contract at 1.0006 (current price is 0.9984)

2 Mar 2017

Emir iptal

Never made it to the entry...too bad