USDCAD (Cypher Pattern) -4h Chart
Confirmations for Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close above 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
- Third TP back to resistance
MACD shows double floor for bullish impulse
Good Trading
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close above 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
- Third TP back to resistance
MACD shows double floor for bullish impulse
Good Trading
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