Description
⋅ Good morning everyone! I'm super excited about todays set up!
Here we have a bullish cypher on the 1D chart with USD/CAD.
So much news on the USD came out yesterday, I decided to sit on this one until today. Low and behold, I woke up and it has hit D point!
We can look to place a long position on this pattern with a take profit set to 1.3530
REMEMBER: Set your stop loss accordingly.
Risk/Reward Ration - 1:2
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786