USDCHF - Bearish Butterfly at channel extreme
Hey guys, I will be watching USDCHF for a potential short next week.
This is happening at the extreme of a channel.
As the channel is sloping up, my preferred bias is actually to buy low.
However, this could still work out nicely for us if we stay patient and only get in when we see reaction at the PRZ.
Please do not use a pending order, I will keep you guys posted.
EP: 1.0050
SL: 1.0120 (70)
TP: 0.97 (350)
This is happening at the extreme of a channel.
As the channel is sloping up, my preferred bias is actually to buy low.
However, this could still work out nicely for us if we stay patient and only get in when we see reaction at the PRZ.
Please do not use a pending order, I will keep you guys posted.
EP: 1.0050
SL: 1.0120 (70)
TP: 0.97 (350)
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