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: www.sixfigurecapital.com
