Potential Bearish Cypher Set Up USDCHF
Updated
Hopefully the Dollar keeps rising and the Franc takes a day off to relax.
Supports other trading moves involving the dollar.
Would like price action to push up to D (0.97126) before even considering entering the trade - this will give us a 1:1 RR at T1.
T2 will give a nice RR.
Cyphers are quite reliable so hopefully will get to enter this position.
Supports other trading moves involving the dollar.
Would like price action to push up to D (0.97126) before even considering entering the trade - this will give us a 1:1 RR at T1.
T2 will give a nice RR.
Cyphers are quite reliable so hopefully will get to enter this position.
Note
Also forgot to mention, RSI looking on track to overbought.Note
Still feasible should market rally up. Will be keeping my orders in place till a later date.Trade active
Trade entered.Trade closed: stop reached
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.