USD/CHF 1H — Bullish Cypher Harmonic Pattern Completed

Wait 5 sec.

USD/CHF 1H — Bullish Cypher Harmonic Pattern CompletedUS Dollar/Swiss FrancFX:USDCHFSkfalconUSD/CHF 1H — Bullish Cypher Harmonic Pattern Completed ✅ The pair has formed a textbook Bullish Cypher pattern (X-A-B-C-D): Point D completed right at the critical 0.786 retracement of the XC leg Clear harmonic structure with proper Fibonacci ratios (BC extension + CD retracement) Price currently sitting near 0.7815 after a sharp drop from point C This setup suggests a potential reversal higher from the D zone. Expected move: Bounce toward Point B → Point A, with extension targets higher if momentum builds. The black arrow on the chart shows the projected bullish direction after pattern completion. Important: Upcoming News & Events That Can Impact This Trade This is a high-volatility period for USD/CHF: Today / Next few days (May 1–6, 2026): Swiss Retail Sales (today) Swiss Manufacturing PMI Swiss CPI (Inflation) — May 5/6 → Very important for SNB policy view US Data: ISM Manufacturing PMI Trade Balance Job Openings (JOLTS) Potential Fed speakers Key Factors to Watch: Stronger-than-expected US data = Bullish for USD/CHF (supports the Cypher bounce) Hotter Swiss CPI or strong Swiss data = Could strengthen CHF and pressure the pair lower (risk to the pattern) The Swiss National Bank (SNB) remains ready to intervene if the Franc gets too strong, which can cap downside. Trade Plan Summary: I’m watching for bullish reversal signals around the Cypher completion zone. If price holds and we get supportive US data, the upside has good risk-reward. Always manage risk — harmonics can fail if news overrides the technicals. What do you think? Bullish Cypher play or waiting for more confirmation?