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FxWirePro: USD/CHF forms bullish BAT pattern, good to buy at dips

Harmonic pattern - Bullish BAT pattern

Potential Reversal Zone (PRZ) - 0.9560

  • USD/CHF has made a low of 0.9585 on Friday and slightly recovered from that level. Short term trend is bullish as long as support 0.9560 holds.

  • Any break below 0.9560 will drag the pair down till 0.9525/0.9480.

  • On the higher side minor resistance is around 0.9630 and break above targets 0.9680/0.9725.

  • Bullish invalidation only below 0.9520.

It is good to buy at dips around 0.9580-600 with SL around 0.9555 for the TP of 0.9680

 

 

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