On the EUR.CAD 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.3890 & 1.3914 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.3820 Stop loss would be placed above X leg structure resistance .
Target 1 - 1.3857 Target 2 - 1.3836
Nota
If you front run your orders, you may have been triggered into this position as it heads to target 1.
Nota
If you got triggered into this position your target 1 should be attained at 1.3857
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