Phil_Son

AUDCAD 4H potential bull Cypher pattern

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD 4H looks very bullish at the moment, with lots of lower highs AND higher high. That is a strong indication of an uptrend. If market decides to go down, we might have a potential bullish Cypher pattern getting ready to be completed for a buying opportunity. Normally, harmonic patterns are used for counter trend trades, but in this case, it can be used as a trend continuation strategy.

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