USDCAD BEARISH CYPHER SETUP Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Mar 14, 2016 8:17 AM

Hey guys! we have an active downtrend. We have marked the potential reversal zones. If price action reaches the structure zone and if the pattern completes i am expecting a reversal around the completion area.

Trade active

⋅ Mar 15, 2016 8:11 AM

Trade closed: target reached

⋅ Mar 16, 2016 6:03 PM

First Targets off! 83+

Trade closed: target reached

⋅ Mar 16, 2016 6:03 PM

2nd Targets off 138+
Great day!

Cypher structure

Comments

PPPStrategy

⋅ Mar 16, 2016 11:38 PM

Awesome set-up

ifty78692

⋅ Mar 16, 2016 7:12 PM

Brilliant.

Trader-Mick

⋅ Mar 16, 2016 7:27 PM

Thanks

Hanu727

⋅ Mar 16, 2016 6:10 PM

I messed up and sold before fed news

Hanu727

⋅ Mar 16, 2016 12:10 PM

Hi Morsh, is this trade worth holding post FOMC?

Trader-Mick

⋅ Mar 16, 2016 1:59 PM

Price has touched the X point which made it invalid. Now its just breathing there. I would not take it from here.

hoza_saad

⋅ Mar 14, 2016 9:07 AM

good idea

Trader-Mick

⋅ Mar 14, 2016 10:42 AM

Thanks!

Hanu727

⋅ Mar 16, 2016 3:44 PM

Hi Morsh, Thanks for the reply. Are you still active in this trade or already closed?

Trader-Mick

⋅ Mar 16, 2016 5:40 PM

Still in man!