USDCAD Daily Cypher Pattern
Potential Cypher pattern for a continuation of the long trend.
Keep in mind though, that the shorter trend is still bearish. Seeing as the structure is still pretty far away, I would put a pretty tight stop on this one.
Still a good RR ratio of about 2:1 for the first target, and if we get a continuation there is still a lot of pips to be made if you feel like trailing your stop further after the second target is reached.
Good luck!
Keep in mind though, that the shorter trend is still bearish. Seeing as the structure is still pretty far away, I would put a pretty tight stop on this one.
Still a good RR ratio of about 2:1 for the first target, and if we get a continuation there is still a lot of pips to be made if you feel like trailing your stop further after the second target is reached.
Good luck!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。