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: