EverythingForex
Long

ALERT! - USDCHF: Cypher pattern just completed

FX:USDCHF   U.S. Dollar/Swiss Franc
There is a small cypher pattern just completed in this pair. Normally, I personally don't take positions on such low TF patterns as I'm more of a swing trader than a scalper. And the R;R for target 1 is less than 1:1 ratio. But still, cypher is a cypher is a cypher , right?

So then why post this? Couple of reason:

1. Currently, we are in an uptrend. (Could be just the beginning of a much larger uptrend.) So this cypher is a trend-following pattern.

2. There is a larger cypher pattern waiting to be completed and prices are near to completion on that cypher . This small bullish cypher would give a good entry point to get long or add longs to this larger cypher CD leg completion.
snapshot

3. There is also a large BAT pattern on the Daily TF. Prices are currently working on the CD leg of this large BAT pattern that could potentially be forming.
snapshot
Performance Summary & Public Trade Log: http://bit.ly/29AeqnC
Sep 18th Weekly Indexes newsletter: http://bit.ly/2w2ODMH (FREE Access)
Want results like this? Join us: http://bit.ly/29x4bfM
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out