EURCAD (Cypher Pattern) -4h Chart

FX_IDC:EURCAD   Euro / Canadian Dollar
Confirmations for Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618 (on this case B is at 0.5)
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)

ABCs inside left leg gave bearish impulse for ABCD pattern iniciation, so we can get a clear bullish impulse towards D completion at 0786 for our Cypher Pattern .
I expect price to be bullish until that point (0.786) for Cypher Pattern confirmation and sell.
Good Trading.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out