USD/CAD - Bullish Cypher
Good morning everyone! I'm super excited about todays set up!
Here we have a bullish cypher on the 1D chart with USD/CAD.
So much news on the USD came out yesterday, I decided to sit on this one until today. Low and behold, I woke up and it has hit D point!
We can look to place a long position on this pattern with a take profit set to 1.3530
REMEMBER: Set your stop loss accordingly.
Risk/Reward Ration - 1:2
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
Here we have a bullish cypher on the 1D chart with USD/CAD.
So much news on the USD came out yesterday, I decided to sit on this one until today. Low and behold, I woke up and it has hit D point!
We can look to place a long position on this pattern with a take profit set to 1.3530
REMEMBER: Set your stop loss accordingly.
Risk/Reward Ration - 1:2
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.