Hello people, it appears the EUR/CAD has formed a bearish cypher on the 1 hour chart, this is an awesome trading opportunity with a 260+ pip return.
The measurements for a valid cypher pattern are:
B:0.382-0.618
C1.272-1.414
X-D: 0.786
The price has no stalled out and through my confluence analysis I'm expecting price to take a large drop now.
I hope everyone has a good week trading.
The measurements for a valid cypher pattern are:
B:0.382-0.618
C1.272-1.414
X-D: 0.786
The price has no stalled out and through my confluence analysis I'm expecting price to take a large drop now.
I hope everyone has a good week trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.