On the GBP.CHF 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.2471 & 1.2435 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 back into 1.2580 Stop loss would be placed below X leg structure support .
Target 1 - 1.2522 Target 2 - 1.2554
Nota
Price approaching D leg completion at 1.2471
Nota
D leg is now complete, I will be running this pair through my entry strategy rules to see if we have a position this evening.
Nota
This pair is still valid for a potential long opportunity. It hasn't yet met my entry criteria but i am monitoring this pair.
Nota
Idea is now closed as it didn't meet my entry rules.
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