Bracketing the USDCAD with Short and Long opportunity

Hi guys, as of now we got multiple bias here in the USDCAD and we got a short opportunity here as there could be a potential Bear Crab pattern that was already completed. Take note also of the possible Double top. You could aggressively short the market and stops would be just above the 141.40 or to 161.80 of the XA extension of the potential bullish cypher. Target as usual upto an extended pattern completion for another LONG opportunity.

TP1: 1.3455
TP2: 1.3366
Extended TP: 1.3341 (Cypher Pattern completion)

Take note there are 5 different ways on how I can enter short here. Both aggressively and conservative.
1st: I could go and aggressively short market and stops would be just a few pips above the 141.40%
2nd: I could wait for the candle close and another candle. Same goes on the stops'
3rd: I could wait for a break of neckline if there would be a valid of double top
4th: Wait for a 2618 setup to enter short
5th: Wait for a breakout of the lower trendline and enter short. Same stops on all.

bearish divergence is present.

Good luck!

Kommentera:

invalid setup for the bullish cypher.