NZD/CHF - Bullish Cypher

4 Eyl 2017

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 :)

5 Eyl 2017

Not

Sharp reversal upon completion of the D point, we will more than likely see a type-II entry in the near future.

5 Eyl 2017

Not

Price is now looking like it will retest D before a large move up!

12 Eyl 2017

Not

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 :)

21 Eyl 2017

İşlem kapandı: hedefe ulaştı

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 :)