USDCHF H1 - Cypher and long

FX:USDCHF   U.S. Dollar / Swiss Franc
39 1 3
Cypher is just an idea, I am going to trade long from bottom of grey box (which is correction move equal to such move couple of days ago). Reasons behind?
  • 61.8% fibo - statistical end of correction
  • the grey box :)
  • round level
  • S/R zone
Maybe there would be something to confirm. The only concern is too quick journey to the bottom... Too quick... Anyway - let's see!
Actually did not trade - waited for cypher -- looks like that was a good idea. Took profit already!
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