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Fxprotrader
Apr 9, 2016 1:32 PM

USDCAD Pending Bullish Cypher Pattern About To Complete Long

U.S. Dollar/Canadian DollarFXCM

Description

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:
Comments
waterman
Keystone on hold, russia opec working hard for a freeze, Rig counts falls further. ! These all may send this pair to down
Fxprotrader
Thank you for your comment.. Let's see the upcoming week..
stream
its long yes , but not from the currant price .. a bit down is the entries
Fxprotrader
That's exactly what i said.. This advanced pattern will be completed if price moves a little more to the down.. Thank you for your comment.. :)
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