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tpick74
Feb 1, 2017 4:01 PM

Trade opportunity in the midst of consolidation for EURCAD Long

Euro Fx/Canadian DollarFXCM

Description

Any pattern trader out there loves consolidation because for us it means we tend to get many opportunities to trade. Currently the EURCAD is no different. We had a cypher pattern set up and roll over pretty much right once it hit the entry, today we have another chance at a cypher pattern. Entries are at 1.4023 and you need to get your stops under the x point. The only issue this one might have is the other structure level right under the X point since the market may very well test the lower level. Be sure to do what your plan says to do and stick with it. Good luck!
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