fxkronk
Short

USDCAD: Potential Cypher Pattern At Key Resistance Level

FX:USDCAD   U.S. Dollar / Canadian Dollar
Price is heading up towards a medium term resistance trendline . At that level we find the 0.786 point of XD             of a bearish cypher pattern.

Key Resistance Level:
Didn't spot this. There's a bearish gartley that aims higher too.
The 1.245 resistance will confirm the extent of the up move for me.
We have a daily swing with a 0.618 retracement, and now a new leg up unfolding, if we can move past 1.245, it'll rally higher than this cypher's entry I think.
Reply
fxkronk IvanLabrie
Nice analysis.. Let's hope that hits that's cypher's entry, retraces a for some profit and then rallies back to complete the gartley pattrenn.. Let's wait..
Reply
IvanLabrie IvanLabrie


Easy to spot the Gartley there, matches my profile target, which is also a 1.272 extension of the last bullish swing.
Reply
fxkronk IvanLabrie
I forgot to mention that at the cypher's entry price has to test a descending key resistance trendline
Reply
Reply
IvanLabrie IvanLabrie
Not sure if those are 100% valid, but my projection is based on other methods (time at mode)
Reply
IvanLabrie IvanLabrie
Hi, what do you think now? Cypher entry hit.
I have limit buys at 1.24497 and 1.24244, stop at 1.23991 btw.
Check this out, confirmed daily uptrend signal for me:

Targets #1, #2 and #3 on chart.
ETA, before the 8th.
Reply
HOW DO I REMOVE IT?
Reply
fxkronk ErrolMuller
Nevermind.. It's ok.. Happy trading.. :)
+1 Reply
AKIL, CHECK OUT THIS NICE CYPHER COMPLETION I JUST POSTED. ITS A HUGE ONE BUT A VERY GOOD ONE FOR THE PEOPLE WHOSE ACCOUNT MANAGMENT LET THEM TRADE THESE BIG ONES
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out