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BEARISH CYPHER PATTERN IN TREND FOR BIG RISK REWARD USDCAD

290
Update on USDCAD: Recently failed to make new structure highs on lower timeframes, therefore expecting retest of the recent lows.
The pair forms a nice potential high probability entry signal in form of a bearish Cypher pattern.
Stop and Targets as shown, but follow your plan and rules of engagement!

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Felix

Website: ogtpartners.com
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Short @ 1.3150
Not
Based on missed opportunity to form H&S I adjusted the targets to standard and not TCT rules.
This adjustment fits my personal rules which you should think about as well.

Target 1: 1.3121
Target 2: 1.3083
Not
Target 1 hit. Moved stops to breakeven for remaining second half of position.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.