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USDCHF Bullish Cypher and Long Opportunity TP1 Reached

USDCHF Bullish Cypher and Long Opportunity

Description: USDCHF forming a Bullish Cypher harmonic pattern on the H4 chart timeframe. Potential Bullish reversal is predicted at D Fibonacci 78.6 of XA leg.

Trade Period: Midterm Trading

Pair / Instrument: USDCHF

Time Frame: H4

The trend in the Timeframe: Bearish

The trend in the Daily Chart: Neutral

Trade Based On: Bulish Cypher Pattern

Accuracy: %93

Recommended Lot Size: 0.10 / 10 K Account

Trade: Long

The Area Of The Entry: 0.99100 – 0.99000

Stop Loss: Below 0.98400

Target 1: 0.99500 / TP1 REACHED Trade is open

Target 2: 1.00400

Target 3: 1.01000

You can view the setup: USDCHF Bullish Cypher

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

USDCHF Bullish Cypher Pattern:  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.

 

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