williamdiotto
Long

USDCAD - Is it real?

FX:USDCAD   U.S. Dollar/Canadian Dollar
106 0 2
Week ending soon, USDCAD             is consolidating. With the previous bearish Cypher pattern, a support has been met and the currency is now stuck in a range and not breaking yet.
According to what I'm seeing, the result of the Cypher pattern might have created a bullish Flag formation, which would break out from E to 1.3585, the last structure high there was. My second TP would be around 1.37.

Risk reward of 5?
Is it possible?
We'll see monday.
Comment: Well, the Cypher pattern was still effective. Didn't get that one right!
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