Another bearish Cypher pattern setup 30 min timeframe on EUR/CAD
Yet another bearish Cypher setup on the EUR/CAD 30 min timeframe.
Looking for price action to hit 1.5738 to complete the D leg @ 78.6% retracement from the X to C leg.
This area makes the entry zon area, stoploss should be well above X.
for Profit targets look at the 38,2% retracement from C to D leg for profit target 1
Profit target 2 shouldd be set at the 61,8% retracement from the C to D leg.
Always looking for feedback on my analysis, so be sure to comment !
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Looking for price action to hit 1.5738 to complete the D leg @ 78.6% retracement from the X to C leg.
This area makes the entry zon area, stoploss should be well above X.
for Profit targets look at the 38,2% retracement from C to D leg for profit target 1
Profit target 2 shouldd be set at the 61,8% retracement from the C to D leg.
Always looking for feedback on my analysis, so be sure to comment !
Follow me on twitter : PalmTreeTrading
Follow me on Tradingview : www.tradingview.com/u/PalmTreeTrading/
Followme on Instagram : www.instagram.com/palmtreetrading/
Comment:
pattern setup violated C leg and became invalid
