CHF/JPY - Bullish Cypher
Hello traders, it appears CHF/JPY has formed a bullish cypher pattern on the 15m chart.
This is an excellent long opportunity with a potential 1:2 risk to reward.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
As always keep your risk in check and apply sound trading knowledge to come to trading decisions.
I have not yet executed this position, I will be monitoring today and analysing the minor/major timeframes.
The same pattern can be found on NZD/JPY 15m chart as well.
Feel free to connect with me below :)
This is an excellent long opportunity with a potential 1:2 risk to reward.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
As always keep your risk in check and apply sound trading knowledge to come to trading decisions.
I have not yet executed this position, I will be monitoring today and analysing the minor/major timeframes.
The same pattern can be found on NZD/JPY 15m chart as well.
Feel free to connect with me below :)
📈 Master the Art and Science of Trading: sixfigurecapital.com
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.