Bullish Cypher is completed in CHFUSD pair so we can enter a LONG trade but according to me the risk reward is not 1:1 so pls have a think before enter the trade
ABCD is an Up Trend, 'E' being the TVP of the trend.
Candle 1 and 2 broke the TVP and gave rejection to go in the downside direction, hence the bias stays inline with existing trend bias (Upside).
Entry (Long) comes at TVP level.
First target is at level 'F' , Second target is in 1:4 RR.
Stop is placed below Swing 'B'. As price moves stop can to dragged to...
