Hello traders, it appears NZD/CAD is now forming a bearish cypher pattern on the 1h chart. This is an excellent opportunity with a potential 200+ pip return!
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.
Connect with me on social media for more trading inspiration :)
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.
Connect with me on social media for more trading inspiration :)
Note
I expect one more move up before the drop!Note
We're now running in 60+ pips profit, here is what I see happening.This structure provides an excellent entry point for anyone who missed out on the initial drop.
Note
Price is now re-testing resistance, I'll be looking to re-enter after closing in profit upon market open this week.Note
This is my current outlook on the daily chart, pay close attention to candlestick formations on the 1h and 4h chart for a reversal.Note
📈 Master the Art and Science of Trading: sixfigurecapital.com
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
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.