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UnknownUnicorn180388
Dec 29, 2016 8:23 AM

USD.CHF - BULLISH CYPHER SETUP - 1.0240 Long

U.S. Dollar/Swiss FrancFXCM

Description

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

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.
Comments
MohamadGh
Thank you Tom for sharing, could you explain "Rules now invalid, no position taken", please?
UnknownUnicorn180388
@MohamadGh, Thank you.
I have a particular entry criteria that must be met prior to an entry.
MohamadGh
@tomhall, Could you share this criteria with us?
MinhTinhPham
THANKS PRO
UnknownUnicorn180388
@MinhTinhPham, My pleasure.
puterae1
nice setup.wish you all the best
UnknownUnicorn180388
@puterae1, Thanks very much, you too.
Gbprider
eagle eye
UnknownUnicorn180388
RonVanDen

So much to the subject of these comic currencies do what they want
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