Here on the USDCAD 4 Hour timeframe we have a potential bullish Cypher Pattern setting up. Not shown on this chart, but if you look left we've just run into a zone of previous structure support around the 1.30 level & my higher timeframe analysis sees this as a level in which we may see a bigger reversal than just the small relief that is usually expected from pattern trades.
*In another post I'll share the at market Gartley Pattern that we have on the hourly chart*
As always if you have a questions, comments or just wanted to share your idea on this pair please do so below!
Thanks for sharing Akil! What are your personal rules for BC leg of a Cypher?
Akil_Stokes
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@romanierey, Thanks. I stick with the traditional rules (I'm a little bias since my buddy is the founder lol) but 1.272 minimum & can't close beyond 1.414