USD.CAD - BULLISH CYPHER SETUP - 1.3346
On the USD.CAD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.3346 & 1.3314
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.3439
Stop loss would be placed below X leg structure support.
Target 1 - 1.3391
Target 2 - 1.3419
The price reversal zone on this pair is between 1.3346 & 1.3314
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.3439
Stop loss would be placed below X leg structure support.
Target 1 - 1.3391
Target 2 - 1.3419
Comment:
Price now at D leg completion, confirmation now needed prior to entry.