Bull cypher completing at 124.161 . ATR based stops below X
EUR pairs have taken a beating lately. NFP tomorrow may give it the right kick to reverse to the upside!! For EURCAD NFP News tomorrow could rocket price up and ignore the shoulder or we could expect resistance before the break back up to complete the right shoulder, respecting the trend. Remember to trade your plan www.babypips.com Follow @Bizlus
We've probed this trade a bit when it didn't find 50EMA support - LONG CYPHER? Point B formed when price retraced XC and closed past 0.382 & closed before 0.618 Point C formed when price extended XC and closed past 1.272 but not beyond 1.414 We have a valid CYPHER if point retraced XC down to the 0.786 region, in which case... Limit order at at ~ NZD...
May Wheat is forming a bearish flag. Could fall into Cypher extension heading for a double bottom. Looking for confirmation of a start near centre of the flag downwards and continues downwards. RSI still trending downwards