EUR.CAD - Bearish Cypher Setup @ Market
Updated
On the EUR.CAD Daily chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.4220 & 1.4308
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 at around 1.3850
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.4051
Target 2 - 1.3948
The price reversal zone on this pair is between 1.4220 & 1.4308
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 at around 1.3850
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.4051
Target 2 - 1.3948
Note
Taken this pair long, position is now live.Note
Target attained, position now closed.
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