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:
snapshot
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.
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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..
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IvanLabrie PRO IvanLabrie
snapshot


Easy to spot the Gartley there, matches my profile target, which is also a 1.272 extension of the last bullish swing.
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fxkronk IvanLabrie
I forgot to mention that at the cypher's entry price has to test a descending key resistance trendline
snapshot
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snapshot
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IvanLabrie PRO IvanLabrie
Not sure if those are 100% valid, but my projection is based on other methods (time at mode)
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IvanLabrie PRO 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:
snapshot

Targets #1, #2 and #3 on chart.
ETA, before the 8th.
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HOW DO I REMOVE IT?
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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
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