Alexander_Nikitin
Short

usdcad downtrend continuation with cypher pattern

FX:USDCAD   U.S. Dollar/Canadian Dollar
a year ago
Hey, traders. The week start with this cypher on usdcad             . I am looking for its completion at 78,6 to enter short in anticipation of the downtrend to continue. I dropped this position analyzer on the chart so you could see where I am going to place my stops and targets. Also pay attention to the risk to reward ratio. No splitting the position, no breakeven, no trade menagement at all. Only one enter and one exit. If yes, then yes. If no, then no. Check my attached ideas to find similar setups. Good luck
Press like, follow adn feel free to leave some comments. Have a nice day.
a year ago
Trade closed: stop reached: I am out of this trade. No need to have larger loss.))
This pattern was found with Pattern Search Software (c)
Visit my website for details: http://www.ps-software.net
Watch the sample video: https://youtu.be/mwZE-Un4V48
Best regards, Alexander Nikitin.
Fulltime professional trader and programmer.
Been watching this one myself; agree with the extended target but the 1.13Fib SL is apart of my plan; good luck mate!
Reply
Alexander_Nikitin TOP izogawa_trading
a year ago
Did you test that stop?
Reply
izogawa_trading Alexander_Nikitin
a year ago
Yeah thats the stop I used
Reply
Alexander_Nikitin TOP izogawa_trading
a year ago
How often price goes to 1,13XA after it touches X?
Reply
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