BEARISH CYPHER PATTERN IN TREND FOR BIG RISK REWARD USDCAD

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
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Transaction en cours:

Short @ 1.3150

Commentaire:

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

Commentaire:

Target 1 hit. Moved stops to breakeven for remaining second half of position.