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Michail...Sideris

CYPHER BULLISH before the crude oil inventories number release

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Michail...Sideris Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD usdcadlong Cypher patterntrading pattern structure oiltrading CAD mimson_ideas
6
0
usdcad usdcadlong cypherpattern patterntrading pattern structure oiltrading cad mimson_ideas
After taking profit from the (two-in-one) AB=CD bearish pattern setup, a Cypher pattern has been formed and is the right moment to take a 1/1 risk/reward ratio. Stop Loss placed 10 pips below X (key level structure)
Comment:
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The CPI release last Friday drove market to hit our SL. At this type of news, market usually spikes and then return to normality. We can either extent our SL, with respect to our money management rules, either do nothing...
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