Michael_KM
Short

Potential Shorting Opportunity USDCAD Cypher

FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello traders
This pair has been following a strong down trend generally forming lower lows and lower highs.
If price action can reach 1.2875 we can have a Cypher pattern completion. I will be looking to short here and following the bearish trend .
Furthermore, we have areas of structure around this zone with support of trend line resistance.
I will be keeping an eye on this pair, and ideally expecting RSI overbought conditions or divergence around the entry level.
Two targets:
TP1- 1.2716
TP2- 1.2621

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