USD.CHF - BULLISH CYPHER SETUP - 1.0240
On the USD.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 1.0240 & 1.0217
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 1.0307
Stop loss would be placed below X leg structure support.
Target 1 - 1.0271
Target 2 - 1.0290
The price reversal zone on this pair is between 1.0240 & 1.0217
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 1.0307
Stop loss would be placed below X leg structure support.
Target 1 - 1.0271
Target 2 - 1.0290
Comment:
D leg Is now complete, long entry is available.
Comment:
Bullish RSI Divergence on the 1hr TF
Comment:
Rules now invalid, no position taken.