Fxprotrader

USDCAD Pending Bullish Cypher Pattern About To Complete

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Last week i posted an idea describing a potential breakout of a downtrend here in USDCAD. Price has broken the downtrend and it's now in a correction. We now need this correction to end so we can buy the market. A pending bullish cypher pattern is about to complete with its D point at the broken downtrend. This pattern may push price higher and entering at this level will give us a tremendous risk/reward ratio setup.

You may see my analysis here:
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