USD.CAD - Bearish Cypher Pattern - 1.2875

Short

U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

bearish cypherpattern short ukforexsignals usdcad harmonicpatterns

On the USD.CAD 4h chart we have a potential short opportunity at the D leg completion of a bearish Cypher Pattern

The price reversal zone on this pair is between 1.2875 & 1.2980
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Fibonacci Confluence: 78.60% & 1.414%

Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.2537
Stop loss would be placed above X leg structure resistance

Website:
Instagram:
Instagram:
Twitter:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.