CIPHERED PRICE ACTION DECODED ON CADCHF!

Tendency: Uptrend (Bullish)
Structure: Harmonics (Cypher)
Observation: i. Uptrend tendency on the higher time frame.
ii. Price breaking major support @ 0.75300 indicating further movement downward to complete the pattern formation.
iii. Price heading towards moving Average on the higher time frame.

Trading plan: BUY at completion of pattern @ 0.74800 zone with potential TP1 and TP2 @ 0.75400 and 0.75800 respectively (100 pips) and stop-loss @ 0.74400/0.74100 zone.
Risk/Reward: 1/2
Potential Duration: 2 to 7 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.


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