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UnknownUnicorn101425
Aug 19, 2015 9:46 AM

USDCAD Potential Cypher pattern completion on trend weakness Long

U.S. Dollar/Canadian DollarFXCM

Description

Here we got a potential Cypher patter completion at a long term bull trend, the trend seems to be pulling back and make lower lows beaking structure but now it looks like its gaining strenght again, so lets see if we can catch a good entry on a pullback to enter a trend continuation trade. We only got one target here as the trend direction is kind of unknown at this point. Look for an overbought RSI before we enter cause the structure level here is not the best it could be.

Kind regards
Thomas Jeff
Comments
UnknownUnicorn101425
Price broke the C leg so this pattern is no longer valid

Kind regards
Thomas Jeff
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