TomHall
Short

USD.CAD - Bearish Cypher Pattern - 1.2875

FX:USDCAD   U.S. Dollar/Canadian Dollar
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

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Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
Twitter: www.Twitter.com/Tom_H_Official
farid_ardavani
7 months ago
snapshot
+1 Reply
TomHall TOP farid_ardavani
7 months ago
It is certainly a possibility price action can get upto the 1.33 even level, i personally see a small pullback 1.287 area.
Only time will tell :-)
Reply
farid_ardavani TomHall
7 months ago
yes I'm agree that we have several pullbacks and corrections in this way; it never goes in a straight line. :)
+1 Reply
ender.genom
7 months ago
why not. thanks. it`s point of desicion
snapshot
+1 Reply
TomHall TOP ender.genom
7 months ago
Very nice chart mate.
Reply
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