EUR.CAD - BEARISH CYPHER SETUP - 1.3890
Updated
On the EUR.CAD 15min 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 1.3890 & 1.3914
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 1.3820
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.3857
Target 2 - 1.3836
The price reversal zone on this pair is between 1.3890 & 1.3914
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 1.3820
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.3857
Target 2 - 1.3836
Note
If you front run your orders, you may have been triggered into this position as it heads to target 1.Note
If you got triggered into this position your target 1 should be attained at 1.3857
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