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UnknownUnicorn180388
Feb 21, 2017 8:32 AM

USD.CAD - Bearish Bat & Cypher Setup - 1.3169 & 1.3338 Short

FX:USDCAD240
U.S. Dollar/Canadian DollarFXCM

Description

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On the USD.CAD 4hr chart we 2 potential trade opportunity's at the D leg completion of Bearish Cypher & Bat setup.

Bearish Bat Setup ( Grey ) - D leg completion 1.3338
Target 1 - 1.3197
Target 2 - 1.3109

Bearish Cypher Setup ( Grey ) - D leg completion 1.3169
Target 1 - 1.3107
Target 2 - 1.3069

Bearish Bat Setup: Stop loss would be placed above X leg structure resistance.
Bearish Cypher Setup: Stop loss would be placed above X leg structure resistance.

Comment

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Bearish cypher setup D leg completion

Comment

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If you entered at 1.3169 your target 1 should be attained.

Comment

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If you entered at 1.3169 your target 2 should be attained.
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Comments
taksistalo
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Cheers Tom,
Didn't see cypher but watching this bat for some time now..lets hope we can get involved there =)

UnknownUnicorn180388
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@taksistalo, very nice analysis, lets see how it plays out :-)
amar11
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Thank you very much for your analysis featured
I think the little blue figure is true
UnknownUnicorn180388
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@amar11, Thanks very much :-)
Rizwanacma
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Thank you Sir,
UnknownUnicorn180388
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@Rizwanacma, My pleasure :-)
FUNTRADER-Vera
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very good!
YuXiuCui
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Short at 1.316 is dangerous. Let's see
UnknownUnicorn180388
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@YuXiuCui, If it doesn't meet my rules we wont enter.
TheForexSamurai
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Very nice confluence. :)

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