Fxprotrader

USDCAD Potential Up Move & Pending Cypher Pattern

FX:USDCAD   U.S. Dollar / Canadian Dollar
Price is in consolidation for a while and is about to end it if price breaks up the structure. A bullish divergence supports my thoughts of this breakout. Meanwhile a pending bearish cypher pattern has formed three of its four waves. This breakout may complete the pattern which will gives a short trade. But for now just keep an eye for the breakout.
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