GBP.CHF - BULLISH CYPHER SETUP - 1.2471
On the GBP.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 1.2471 & 1.2435
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 1.2580
Stop loss would be placed below X leg structure support .
Target 1 - 1.2522
Target 2 - 1.2554
The price reversal zone on this pair is between 1.2471 & 1.2435
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 1.2580
Stop loss would be placed below X leg structure support .
Target 1 - 1.2522
Target 2 - 1.2554
Comment:
Price approaching D leg completion at 1.2471
Comment:
D leg is now complete, I will be running this pair through my entry strategy rules to see if we have a position this evening.
Comment:
This pair is still valid for a potential long opportunity.
It hasn't yet met my entry criteria but i am monitoring this pair.
It hasn't yet met my entry criteria but i am monitoring this pair.
Comment:
Idea is now closed as it didn't meet my entry rules.