Here we see a cypher pattern on the Usd/Cad chart, it is likely that the market will reverse from point D and rally to point A because the pattern has completed in the negative deviation of both the last 100 and 200 moves.
I have placed my entry at point B to verify the reversal , I have my stop placed at Point X , because a break in structure to the down side would bust the pattern, and i have a limit at point A the expected height of the reversal.
Thanks for checking in , i hope this has been informative for you , I will be launching my website by the end of the month , so stay tuned for some more information about that , as for now , like comment and follow me for more trade ideas.
Thanks and Good trading !
I have placed my entry at point B to verify the reversal , I have my stop placed at Point X , because a break in structure to the down side would bust the pattern, and i have a limit at point A the expected height of the reversal.
Thanks for checking in , i hope this has been informative for you , I will be launching my website by the end of the month , so stay tuned for some more information about that , as for now , like comment and follow me for more trade ideas.
Thanks and Good trading !