StevenH
Long

butterfly and cypher on the USDCAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
I have had my eye on this cypher for a while now waiting for it to complete at the .764 D leg and i also noticed that there is a potential butterfly pattern forming that will be ending in a similar area. There is a fib inversion that putting a 1.27 inversion in the buy zone too, so for me this seems to be a very good buy zone with stops placed below the x leg of the cypher pattern and target ones at the .382 with 2nd targets at .618 this presents a very nice risk reward.

Best of luck to you on all your trades! Thanks for viewng!
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