EURCHF Bearish Cypher and Intraday Short Opportunity
A Bearish Cypher Pattern on the H1 chart with a good risk-reward ratio for intraday trading. Potential correction is predicted.
Warning and Things to Pay Attention:
1. Pay attention to Time Frame, Trade Period and Estimated Completion Time, Accuracy and Recommended Lot Size clauses mentioned below.
Time Frame: H1
Trade Period: Intraday
Estimated completion time: 2-12 H1Candle Stick
The trend in the Timeframe: Bullish
The trend in the Daily Chart: Bullish
The accuracy of the pattern: 82 %
Recommended Lot Size: 0.10 at 10K
Short @ 1.1379
Stop: Above X 1.13900
Targets: 1.13680 / REACHED
Target 2: 1.1354 / Reached
Target 3: 1.1338
We have another Bearish PAttern which would be completed at 1.14150 I will publish it later.
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
EURCHF: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility