Hello traders, it appears NZD/CHF has formed a bullish cypher pattern on the 4h chart. This is an excellent long opportunity with a potential 250+ pip return!
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be further analysing this pair today to determine the value of this position.
Feel free to connect with me below :)
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be further analysing this pair today to determine the value of this position.
Feel free to connect with me below :)
Comment:
Sharp reversal upon completion of the D point, we will more than likely see a type-II entry in the near future.
Comment:
Price is now looking like it will retest D before a large move up!
Comment:
Secure your position on NZD/CHF by moving your stop loss into profit to prevent any losses.
Or another advisable strategy would be to close your position and re-enter the market with 50% of your original position size with your stop loss placed at 0.68600.
That way you'll lock in profit on this trade :)
Or another advisable strategy would be to close your position and re-enter the market with 50% of your original position size with your stop loss placed at 0.68600.
That way you'll lock in profit on this trade :)
Trade closed: target reached:
Previous trades shown on TradingView risking 1%.
NZD/CHF = 2%
USD/JPY = 0.5% (Secured profit at 0.382, re-entered with 50%)
GBP/JPY = 3.5%
Minimal risk, 6% growth over 3 positions in the past month.
Well done everyone :)
NZD/CHF = 2%
USD/JPY = 0.5% (Secured profit at 0.382, re-entered with 50%)
GBP/JPY = 3.5%
Minimal risk, 6% growth over 3 positions in the past month.
Well done everyone :)
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