GBP.CHF - BULLISH CYPHER SETUP - 1.2727
On the GBP.CHF 4hr 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 1.2727 & 1.2681
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 the 1.2875 resistance level
Stop loss would be placed below X leg structure support .
Target 1 - 1.2793
Target 2 - 1.2830
The price reversal zone on this pair is between 1.2727 & 1.2681
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 the 1.2875 resistance level
Stop loss would be placed below X leg structure support .
Target 1 - 1.2793
Target 2 - 1.2830
Comment:
A potential pullback to 1.2850 before a push lower is expected.
Comment:
A break a close below 1.2767 B leg should alarm us that a potential D leg will complete in the coming hours.
Comment:
Price action pulled back to 1.2850 as expected, potential push lower in the coming hours.
Comment:
GBP.CHF - long entry is still available