DKrastev
Short

Potential Bearish Cypher in USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
28 0 3
There is a potential Bearish Cypher in USDCAD             completing at 1.3508. Stop is above X, and in this particular case I would set it above the previous structure. This time I will use one target at the 61.8 which gives us a little better than 1:1 risk-reward.
Order cancelled: The price action extended and closed beyond the 1.414 so the pattern is invalid.
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