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.
snapshot
very nice eye ELEVEN40FX also looking in the same way i think we only will get confirmation when we gonna see break up this small channel with impulse if it does not break with impulse then price may extend its time to consolidate at this level before going up i am 90% confident price will hit the highs again very soon good luck
+1 Reply
Fxprotrader GoodLuckbabe
Good luck mate, it looks good..
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Its still falling but Im bullish and believe it will go up soon. Waiting for a good setup to buy.
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