USDCAD long / short opportunity on If / Then theory

FX:USDCAD   U.S. Dollar/Canadian Dollar
8 months ago
Here on the USDCAD             we are in a long term down trend, but we are currently on the "top" of an outside return - which means we are at a decission point where price can continue the longer term downtrend, or continue the short term uptrend.

On the chart we got a bearish Cypher formation at structure resistance , so IF price gets up to our PRZ level -Then we go short.

If price retrace down to the bullish Cypher formation -Then we go long at our PRZ level on a trend continuation trade.

Kind regards
Thomas Jeff
8 months ago
Trade active: On bullish formation. The Bearish Cypher is invalid, remove orders
8 months ago
Comment: Stop moved to break even
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