UsdCad Cypher Pattren

in #forex6 years ago

Screenshot_42.png

potential cypher is setting up on usdcad 0.03% 4H timeframe. As price goes closer to the completion level we should examine the CD-leg -0.39% attentively. If it has no warning signs then the pattern can be traded with a limit order at the completion level. If there are warning signs then we should better wait for a confirmation of the reversal within the sell zone or simply skip the pattern. In this very situation we have three warning signs - large expansion bars, tailclose and gap. I will be a bit more conservative with this trade setup

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