On the USD.CAD 15min chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.3399 & 1.3380
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 setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into the 1.3456 resistance level
Stop loss would be placed below X leg structure support .
Target 1 - 1.3425
Target 2 - 1.3441
The price reversal zone on this pair is between 1.3399 & 1.3380
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 setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into the 1.3456 resistance level
Stop loss would be placed below X leg structure support .
Target 1 - 1.3425
Target 2 - 1.3441
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HassanGul
short here for long term - USDCAD TradingView
+1
Balas
TomHall
HassanGul
@HassanGul, nice setup, best of luck.
Balas
piptamil
Thanks for the chart Tom.
+1
Balas
TomHall
piptamil
@piptamil, My pleasure, have a great day.
Balas