Thursday March 1 at 13:15 ET
USD/CHF has risen again to 1.2235, not as far as our stop, but forming a much more typical A-B-C pattern, (A more nearly = C) and is thus in an even superior set-up for a short at the current price of 1.2225.
_________________________________________________________
_________________________________________________________
Previous trade experiment:
Thursday March 1 at 2:45 ET
USD/CHF has seemingly completed an upwards corrective A-B-C wave pattern, come to a high probability reversal value, and created a system compliant low risk / high reward trade opportunity.
Trade Experiment #353 Sell USD/CHF at 1.2205
Stop is 1.2251
Target is 1.2100 / 1.1910
Risk is 50 pips
Reward is min. 295 pips
RRR is min. 5.9 to 1
Confidence level: good
Accuracy: good
Reward / Risk Ratio : good
For research purposes only.
Wave hypothesis: Wave 5 down.
USD/CHF has risen again to 1.2235, not as far as our stop, but forming a much more typical A-B-C pattern, (A more nearly = C) and is thus in an even superior set-up for a short at the current price of 1.2225.
_________________________________________________________
_________________________________________________________
Previous trade experiment:
Thursday March 1 at 2:45 ET
USD/CHF has seemingly completed an upwards corrective A-B-C wave pattern, come to a high probability reversal value, and created a system compliant low risk / high reward trade opportunity.
Trade Experiment #353 Sell USD/CHF at 1.2205
Stop is 1.2251
Target is 1.2100 / 1.1910
Risk is 50 pips
Reward is min. 295 pips
RRR is min. 5.9 to 1
Confidence level: good
Accuracy: good
Reward / Risk Ratio : good
For research purposes only.
Wave hypothesis: Wave 5 down.