Daniel.Dalo
Short

USDCAD - Cypher pattern + Descending triangle completed

FX:USDCAD   U.S. Dollar / Canadian Dollar
A very nice confluence in place, we can see how perfectly the Cypher pattern in purple completed exactly at point E from the descending triangle corrective structure, so I expect a break to the downside to resume the downtrend.

A more conservative way to trade this would be to wait for the break and then trade the retracement to the previous structure support now resistance.

Good luck and let's see what the market brings this next week
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