Hello traders, it appears EUR/CAD is now forming a bearish cypher pattern on the 1h chart. This is an excellent opportunity with a potential 250+ pip return!
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.
I hope you all have a great week :)
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.
I hope you all have a great week :)
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
