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
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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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