On the EUR.CHF 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.0742 & 1.0758
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 at around 1.0695
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0720
Target 2 - 1.0707
The price reversal zone on this pair is between 1.0742 & 1.0758
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 at around 1.0695
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0720
Target 2 - 1.0707
Comment:
EUR.CHF - D leg is now complete at 1.0742
Comment:
Target 1 attained if you went short at 1.0742