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UnknownUnicorn180388
Oct 26, 2016 7:51 AM

USD.CHF - BULLISH CYPHER SETUP - 0.9876 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 0.9876 & 0.9843
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 0.9982
Stop loss would be placed below X leg structure support.

Target 1 - 0.9923
Target 2 - 0.9953
Comments
KhunHunSein
trade active now ?
UnknownUnicorn180388
For me personally it wasn't a trade we took, as the confluence factors didn't add up at the D leg.
KhunHunSein
thank for reply mate
UnknownUnicorn180388
My pleasure, have a good week.
piptamil
Yes agreed.I already short from 0.99500 nearing my 50 pips profit.Thanks.
UnknownUnicorn180388
That's great, keep up the good work :-)
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