Bearish Cypher in a Bearish Trend
Looks like we are going to have a nice opportunity to hop on a bearish cypher pattern in an otherwise bearish market. The USDCAD0.78% has been trending lower for a little while now so this will present a nice chance to jump on the downward trend.
Entry 1.3424
Stop above swing high 1.3485
1st Target 1.3365
2nd Target 1.3326
* If 1st target is reach stops must be moved to breakeven
Entry 1.3424
Stop above swing high 1.3485
1st Target 1.3365
2nd Target 1.3326
* If 1st target is reach stops must be moved to breakeven
Trade active
Orders to get short have been filled. Market looks like it is trying to decide where it wants to goNote
Target 1 Reached - Stops now move to break even we wait to see if target 2 will be hit.Trade closed: target reached
2nd target hit for a nice profit.Trade closed: target reached
Both targets reached
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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.