Michael_KM
Long

Potential Long Opportunity USDCAD Cypher

FX:USDCAD   U.S. Dollar/Canadian Dollar
Hello Traders,
We have a potential Cypher pattern completing at 1.2622 if price pulls in deeper.
R:R is skewed so some may decide to delay entry and take this at a better price.
However since this pattern has a good win expectancy some may take this trade more aggressively at completion.
We have some RSI divergence also. We can potentially also dip back into oversold conditions.
Target 1: 1.2831
Target 2: 1.2966

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