Alex_BPTrader
Long

USDCAD - Bullish Cypher

FX:USDCAD   U.S. Dollar/Canadian Dollar
For those of you swing traders market is presenting a potential bullish cypher pattern on 1D, USDCAD             .
The series of lower lows followed by lower closes was invalided when Cypher Pattern made its B-C wave - so we are in a bullish rotation. I don't know what the market will do next, but I know that we're in sideways move and in sideways move advanced patterns emerge.
Price is away from entry level but you can set your orders and forget them.
If your stop loss in pips is way above your trading rules, you can place your entry level lower but there is always a chance for missing it. Targets are conventional.

Entry @ 1.2616
Stop @ 1.2459
Intial Target 1 @ 1.2834
Initial target 2 @ 1.2968

Good Luck!

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-Alex
Professional Currency Trader & Mentor
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asdq311
5 months ago
good
Reply
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