On the EUR.CHF 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.0656 & 1.0632
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.0730
Stop loss would be placed below X leg structure support.
Target 1 - 1.0690
Target 2 - 1.0712
The price reversal zone on this pair is between 1.0656 & 1.0632
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.0730
Stop loss would be placed below X leg structure support.
Target 1 - 1.0690
Target 2 - 1.0712
Comment:
More than 15 touches of X leg support.
Comment:
Although price has spiked above the C leg, the setup is still valid.