CADCHF H4 - SHORT
Cypher pattern with D-completion at 0.786 fibonacci retracement of XC leg.
Look for selling opportunities within the D completion and resistance level for a SHORT opportunity. Otherwise, you can potentially place a SELL LIMIT ORDER @0.70363 for a sniper entry to catch a 1:2.5 trade towards the next support area.
Understand that this is a countertrend trade and the idea behind this is to capture 1:1 as soon as possible.
For those in USDCAD, you may be exposed to 2 CAD pairs therefore, manage your trade.
Cypher pattern with D-completion at 0.786 fibonacci retracement of XC leg.
Look for selling opportunities within the D completion and resistance level for a SHORT opportunity. Otherwise, you can potentially place a SELL LIMIT ORDER @0.70363 for a sniper entry to catch a 1:2.5 trade towards the next support area.
Understand that this is a countertrend trade and the idea behind this is to capture 1:1 as soon as possible.
For those in USDCAD, you may be exposed to 2 CAD pairs therefore, manage your trade.