AJ_DeCarli
Short

Bearish Cypher in a Bearish Trend

FX:USDCAD   U.S. Dollar/Canadian Dollar
Looks like we are going to have a nice opportunity to hop on a bearish cypher pattern in an otherwise bearish market. The USDCAD0.78% has been trending lower for a little while now so this will present a nice chance to jump on the downward trend.

Entry 1.3424
Stop above swing high 1.3485
1st Target 1.3365
2nd Target 1.3326

* If 1st target is reach stops must be moved to breakeven
Trade active: Orders to get short have been filled. Market looks like it is trying to decide where it wants to go
Comment: Target 1 Reached - Stops now move to break even we wait to see if target 2 will be hit.
Trade closed: target reached: 2nd target hit for a nice profit.
Trade closed: target reached: Both targets reached
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