EURCAD may complete a bullish Cypher pattern just around my recent trend support (red line).
I'm currently in short for other reasons (bearish divergence, trend support break) with my TP coincidentally at the end of the C-D leg of the potential Cypher.
I'll look for some bullish divergence around my red trend support. My entry will not be based purely on the Cypher but it's a nice compliment to the trend support and bullish divergence if it forms. I will base my targets off of the Cypher though, at the 38.2 and 61.8 retracements of the C-D leg.
I'm currently in short for other reasons (bearish divergence, trend support break) with my TP coincidentally at the end of the C-D leg of the potential Cypher.
I'll look for some bullish divergence around my red trend support. My entry will not be based purely on the Cypher but it's a nice compliment to the trend support and bullish divergence if it forms. I will base my targets off of the Cypher though, at the 38.2 and 61.8 retracements of the C-D leg.