CADJPY Bullish Cypher Formation And Long Opportunity
Description: Chartreaderpro finds a potential Bullish Cypher Harmonic Pattern formation on the H4 Chart Timeframe. Potential bullish reversal is predicted at D.
Pair / Instrument: CADJPY
Time Frame: H4
Trade Period: Midterm / Intraday
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Bearish
Trade Based On:Bullish Cypher Pattern
Recommended Lot Size: 0.10 at 10K
The Area Of The Entry: 84.85 – 84.75
Stop Loss: Below X 84.55
Target 1: 85.05
Target 2: 85.30
Target 3: 85.50
You can follow the trade setup: CADJPY Bullish Cypher Pattern
Note: If the pattern does not work as predicted and the price breaks below 84.50, the pricemay test 84.00. A Bullish Gartley would be completed at 84.02. We will look for a Long opportunity. We will update the setup accordingly. Price ended the week at 85.37, potential bounces towards 85.60 can be used as selling opportunity. A potential short trade opportunity before long will be published later.
You can check our signal results
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