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
Just a heads up, you may want to double check the C leg on the Cypher as it looks to be a little short of a 1.272
+1 Reply
fxkronk Akil_Stokes
a year ago
Thanks Akil for your comment.. I 've seen some guys trading cyphers with C point between 1.130 - 1.414 of the XA leg.. What's your thoughts on that?
+1 Reply
Akil_Stokes TOP fxkronk
a year ago
I never like to say a trader is wrong because I don't know what test they've done on it and what adjustments they may have made. But the rules we created for it need the 127.2 to be hit
+1 Reply
fxkronk Akil_Stokes
a year ago
I'll have that in mind.. Thank you for the support.. Have a nice day..!
+1 Reply
Akil_Stokes TOP fxkronk
a year ago
No problem
+1 Reply
JC_Saints Akil_Stokes
a year ago
did not hit 1.2720 but only 1.13...
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ErrolMuller
a year ago
haha its a little way too short
+1 Reply
ErrolMuller
a year ago
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
EURNZD D1 HUGE ASS CYPHER PATTERN AT COMPLETION
+1 Reply
fxkronk ErrolMuller
a year ago
Can you please remove your idea from this post? Invite Akil to your profile to comment on it.. No offence at all..
+1 Reply
ErrolMuller fxkronk
a year ago
NO PROB,MAY I ASK WHY?
Reply
fxkronk ErrolMuller
a year ago
Because it's an idea for another pair.. Post anything you like but for USDCAD.. I have no problem for your previous comment..
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ErrolMuller fxkronk
a year ago
HAHAHA SORRY FXKRONK, I THOUGHT I WAS COMMENTING ON AKILS POST ON THE USDJPY. I DID NOT REALISE IT WAS ON ONE OF YOUR PAIRS THAT IS WHY I ASKED YOU WHY DO YOU WANT ME TO REMOVE IT. SORRY WILL REMOVE IT NOW. ;)
+1 Reply
ErrolMuller
a year ago
HOW DO I REMOVE IT?
Reply
fxkronk ErrolMuller
a year ago
Nevermind.. It's ok.. Happy trading.. :)
+1 Reply
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
a year ago
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 TOP IvanLabrie
a year ago
snapshot


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
a year ago
I forgot to mention that at the cypher's entry price has to test a descending key resistance trendline
snapshot
Reply
IvanLabrie TOP fxkronk
a year ago
snapshot
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IvanLabrie TOP IvanLabrie
a year ago
Not sure if those are 100% valid, but my projection is based on other methods (time at mode)
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IvanLabrie TOP IvanLabrie
a year ago
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.
Reply
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