Short opportunity here on the EURCAD

Hi guys we got Short opportunity here on the EURCAD with 2 pattern formation. A potential Bearish Shark and a Bearish Cypher Pattern. We could go and Short market once it will complete our bearish Shark pattern and SL above the X point structure. And take note that there is still chance of a cypher pattern formation. So instead of using SL. You could place a pending buy stop to hedge the short position and wait for another short opportunity on the Cypher Pattern formation. Stops would be above the Cypher X pattern. Take note that we could go and shoot for extended targets (will post another outlook on the comments).

Bearish Shark: 1.4321
Stops or Buy stops (hedge) above X point of the pattern.
TP1: 1.4218
TP2: 1.4155

Bearish Cypher: 1.4481
Stops above X point
TP1: 1.4317
TP2: 1.4216

Good luck and trade with care.

أغلقت الصفقة: تم الوصول لوقف الخسارة:

Target for stops was taken. As market was affected by the France election. Breaking the pattern as per support and resistance is broken too.