EUR.CAD - BEARISH CYPHER SETUP - 1.3890
On the EUR.CAD 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.3890 & 1.3914
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.3820
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.3857
Target 2 - 1.3836
The price reversal zone on this pair is between 1.3890 & 1.3914
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.3820
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.3857
Target 2 - 1.3836
Comment:
If you front run your orders, you may have been triggered into this position as it heads to target 1.
Comment:
If you got triggered into this position your target 1 should be attained at 1.3857