EUR.CAD > Short Opportunity - 1.4837

FX:EURCAD   Euro / Canadian Dollar
Currency pair - EUR.CAD
Chart timeframe - 15min
Area of interest - 1.4837 & 1.4866
Chart pattern - Bearish Cypher

Potential target 1 - 1.4797
Potential target 2 - 1.4771
Potential extended target - 1.4757

Please implement your own due diligence prior to entering the market.
Comment: D leg completion at 1.4837
I guess you're not in the trade yet as we need a daily close first, and weekly as well indeed, but I suspect we will have yet another leg up, possibly a overshoot of the wedge top TL, before a plunge down to the 1.46 area at least, maybe more...
+1 Reply
TomHall schakim
@schakim, That's correct, no trade for me.
I will be breaking down the charts this weekend to give a better insight.
thanks just locked 100 p0ints
+1 Reply
I like the pattern but I don't enjoy the odds....maybe observing this one is a better idea.
+1 Reply
TomHall andrei.stroia.94
@andrei.stroia.94, I am currently with you, no reason for me to short just yet.
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