We're looking at another cypher pattern but this time on the 1h chart with USD/CHF, this is an excellent long opportunity with 1:2 risk to reward... Don't miss out on this one!
The D point forms at a major level of daily support, I'm expecting price to stall out on this level.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
The D point forms at a major level of daily support, I'm expecting price to stall out on this level.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
📈 Master the Art and Science of Trading: sixfigurecapital.com
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📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.