EUR.CAD - Bearish Cypher Setup - 1.4330
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 1.4330 & 1.4353
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 1.4255
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.4296
Target 2 - 1.4274
The price reversal zone on this pair is between 1.4330 & 1.4353
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 1.4255
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.4296
Target 2 - 1.4274
Comment:
No trade taken, this pair is now invalid.
Comment:
Buy stop order now in place.