4 Targets for a Short inside an eventual Cypher // IF=THEN ®

5 Okt 2015

USDCAD

61.8% retracement monthly chart reached;

Point C for an eventual Cypher forged inside the validation zone, between 127% extension and 141% extension and showing signs of a retracement;

Four targets:
The first one right above the previous structure high, the 38.2% retracement;
The second one, the 61.8% retracement still inside the previous structure pressure zone;
The third at previous structure lows, previous support, pressure zone;
the fourth, the point D for Cypher pattern, synced with previous resistance, now support, previous structure pressure zone;

Short from C to D*
Long d:

CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD

Safe Trades;