We're looking at another CAD pair but this time on the 4h chart with a complete bearish cypher pattern, this is an excellent shorting opportunity with over 1:2 risk to reward... Don't miss out on this one!
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
This idea was previously posted over a month ago, check it out to see how price developed.
...BUT I thought I would update everyone on the current situation.
Don't forget we have the BOC rate statement at 3:00PM.
I hope you all have a great week :)
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
This idea was previously posted over a month ago, check it out to see how price developed.
...BUT I thought I would update everyone on the current situation.
Don't forget we have the BOC rate statement at 3:00PM.
I hope you all have a great week :)
📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.