QuileHills

EURCAD Bullish Cypher

FX:EURCAD   Euro / Canadian Dollar
124 2 8
EURCAD             may complete a bullish Cypher pattern just around my recent trend support (red line).

I'm currently in short for other reasons ( bearish divergence, trend support break) with my TP coincidentally at the end of the C-D leg of the potential Cypher .

I'll look for some bullish divergence around my red trend support. My entry will not be based purely on the Cypher but it's a nice compliment to the trend support and bullish divergence if it forms. I will base my targets off of the Cypher though, at the 38.2 and 61.8 retracements of the C-D leg.
snapshot
+1 Reply
Right on the money.
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