We're looking at bullish cypher pattern that have completed at 0.9803 here on
USDCHF
H1 chart..But because of the selling momentum and risk/reward ratio, I decided to lower my risk by not aggressively buying at D completion but wait until the price touch the 1.414 inversion of B-C leg where there are previous structure looking left..I'll have my buy limit order at 0.9786 and stops below X..Good luck and good trading :)
USDCHF
H1 chart..But because of the selling momentum and risk/reward ratio, I decided to lower my risk by not aggressively buying at D completion but wait until the price touch the 1.414 inversion of B-C leg where there are previous structure looking left..I'll have my buy limit order at 0.9786 and stops below X..Good luck and good trading :)
Trade active
Trade closed: stop reached
second target : 0.9880