BEARISH CYPHER PATTERN IN TREND FOR BIG RISK REWARD USDCAD
Update on USDCAD: Recently failed to make new structure highs on lower timeframes, therefore expecting retest of the recent lows.
The pair forms a nice potential high probability entry signal in form of a bearish Cypher pattern.
Stop and Targets as shown, but follow your plan and rules of engagement!
Like it if you do. I appreciate this!
Felix
Website: ogtpartners.com
Twitter: goo.gl/9EdYPk
Facebook: goo.gl/qH7M51
The pair forms a nice potential high probability entry signal in form of a bearish Cypher pattern.
Stop and Targets as shown, but follow your plan and rules of engagement!
Like it if you do. I appreciate this!
Felix
Website: ogtpartners.com
Twitter: goo.gl/9EdYPk
Facebook: goo.gl/qH7M51
Trade active
Short @ 1.3150Note
Based on missed opportunity to form H&S I adjusted the targets to standard and not TCT rules. This adjustment fits my personal rules which you should think about as well.
Target 1: 1.3121
Target 2: 1.3083
Note
Target 1 hit. Moved stops to breakeven for remaining second half of position.
Erfolgreich traden lernen.
wirmachentrader.de
wirmachentrader.de
Related publications
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.
Erfolgreich traden lernen.
wirmachentrader.de
wirmachentrader.de
Related publications
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.