USD.CHF - Bearish Cypher Setup - 1.0146
On the USD.CHF 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.0146 & 1.0169
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 1.0070
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0113
Target 2 - 1.0092
The price reversal zone on this pair is between 1.0146 & 1.0169
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 1.0070
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0113
Target 2 - 1.0092
Comment:
Trade setup is now invalid.