USDCHF Potential Cypher & Past Gartley Analysis
I was able to benefit from a short term shorting opportunity last night on this pair, when I spotted a Gartley pattern (green) finishing at previous structure, along with RSI divergence.
I decided to enter at the 1.272 extension of the A to B move, as the 0.786 retracement of the X to A move offered a bad Risk/Reward ratio.
I am now waiting on the completion of this potential Cypher pattern (blue) at the 0.786 retracement.
I decided to enter at the 1.272 extension of the A to B move, as the 0.786 retracement of the X to A move offered a bad Risk/Reward ratio.
I am now waiting on the completion of this potential Cypher pattern (blue) at the 0.786 retracement.