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USDCAD Bearish Cypher Pattern Formation And Short Opportunity

USDCAD Bearish Cypher Harmonic Pattern Formation And Short Opportunity


Pair / Instrument: USDCAD

Time Frame: H4

The trend in the Timeframe: BULLISH

The trend in the Daily Chart:  STRONGLY BULLISH

Description: USCAD is going up and forming a Bearish Cypher Pattern. The pattern would be completed at D. Potential bearish correction is expected.

Trade Based On: Bearsih Cypher Pattern

Accuracy: %90


AREA OF THE ENTRY: 1.32450 – 1.32600

STOP LOSS : BELOW  1.32900

TARGET 1: 1.32000

TARGET 2: 1.31500

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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money



USDCAD Bearish Cypher Pattern: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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