EUR.CAD - BULLISH CYPHER SETUP - 1.4352
On the EUR.CAD 1hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.4352 & 1.4285
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 back into 1.4550
Stop loss would be placed below X leg structure support.
Target 1 - 1.4446
Target 2 - 1.4506
The price reversal zone on this pair is between 1.4352 & 1.4285
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 back into 1.4550
Stop loss would be placed below X leg structure support.
Target 1 - 1.4446
Target 2 - 1.4506
Comment:
D leg completion at 1.4352
I currently have a buy stop order placed on this pair awaiting the bounce and break.