Nico.Muselle
Long

USDCAD - Potential cypher for trend continuation

FX:USDCAD   U.S. Dollar / Canadian Dollar
This pair has been in a constant bullish trend for some time now. A cypher pattern is forming now on the 60 min chart with a trade in the direction of the pair. The potential reversal zone shows quite some Fib confluence, the only question is will the bears have enough strength to bring it down to this level.
If they do, aggressive traders can go for a .618 and 1.272 extension as targets, conservative traders go for the .382 and . 618 retracement of CD. Stop loss as always goes below X.
New !!!! Crypto High Tops available now on https://unicornllama.com
Do also check our brand-spanking-new Crypto Sports Edition
Before that happens it looks like we might have a 3 drives pattern?

Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out