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CarlosPM
May 24, 2017 5:22 PM

USDCHF Potential Cypher & Past Gartley Analysis Short

U.S. Dollar/Swiss FrancFXCM

Description

I was able to benefit from a short term shorting opportunity last night on this pair, when I spotted a Gartley pattern (green) finishing at previous structure, along with RSI divergence.
I decided to enter at the 1.272 extension of the A to B move, as the 0.786 retracement of the X to A move offered a bad Risk/Reward ratio.

I am now waiting on the completion of this potential Cypher pattern (blue) at the 0.786 retracement.
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