TomHall
Short

USD/CAD - Cypher Pattern

FX:USDCAD   U.S. Dollar/Canadian Dollar
1029 13 31
On the USD/CAD             1 hour chart we have a potential short opportunity at the D leg completion of a Cypher Pattern .

The price reversal zone on this pair is between 1.3355 & 1.3370
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 Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .

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Good trade, well done and thanks
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snapshot

HOW DO YOU THINK IT ?
+2 Reply
The C leg exceeds the 1.414% extension for me so it is now invalid.
Reply
feiwuba TomHall
NOW ,IT HAVE NOT EXCEED THE 1.414
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This would all depend on where you have taken the Fib extension from, on my chart it exceeds the 1.414%
Just because it doesn't fit my rules doesn't mean you should trade it if it meets your rules.
Reply
feiwuba TomHall
AH ,YES , YOU ARE RIGHT , I AGREE WITH YOU ,JUST TALK ABOUT IT WITH YOU ,AND LEARN FROM YOU
Reply
feiwuba TomHall
OR IT WILL GO TO THE 1.618 , THEN AB=CD ,HOW DO YOU THINK IT ,
snapshot

+2 Reply
It is certainly possible.
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thank u
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sir your target?
+1 Reply
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