On the USD.CAD 15min chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.3672 & 1.3646
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.3750
Stop loss would be placed below X leg structure support.
Target 1 - 1.3709
Target 2 - 1.3732
The price reversal zone on this pair is between 1.3672 & 1.3646
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.3750
Stop loss would be placed below X leg structure support.
Target 1 - 1.3709
Target 2 - 1.3732
Please note this is not a position i placed.