KashMarkets
Short

USDCAD Shorting opportunity Cypher Pattern 4hr

FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello Traders
We have a completed Cypher pattern .
USDCAD             had been in a downtrend, which is evident looking at the daily timeframe .
We have Come into an area of major and minor structure.
We have potential trend line resistance
RSI shows signs of overbought conditions
RSI also shows hidden divergence
Altogether this presents us with a high probability trade.

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snapshot

Daily time frame suggests that previous support may turn into resistance.
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