GBPCHF Bat Pattern Retesting Previous Structure HIgh's

22 Jul 2014

I've been a bull on this pair over the last month or so but now I've got a short opportunity on my radar looking at a retest of previous structure highs on the daily. As a counter trend trader it's important to realize that I'm not looking for the big long-term move, simply a brief correction.

If this correction rolls over more than expected there's a 2nd potential bat pattern down at our previous structure lows giving true trend continuation traders an excellent spot to get involved with an outstanding risk/reward.

*Had issues posting them together but check out my ideas for the daily view of this chart relating to my comments*