QUICK ANALYSIS: USDCAD: DAILY TF and Cypher

Yes, I know many, many traders are probably now SHORT on this pair and excited because it's been dropping. I took a SHORT trade on this pair myself as well (see Related Ideas: "CLOSED TRADE: Sell@1.34290 Wave 3 complete + Cypher (+210 pips)") and I bagged +210 pips on it. But I closed it and closed it for good reason. This pair has STILL got more upside to go! Well. at least according to my wave count. I don't see that the "TOP" is in. In fact, I see that the TOP is far from being in! Where will it be "in"? I don't know. But it isn't yet.

My current wave count has this recent drop as only the possible wave 2 of a possible Wave (3) that could be happening now. If correct, then the end of this wave 2 will follow with the beginning of a wave 3 of (3). Which could be pretty strong but short due to the deepness of this possible wave 2.

THE PATTERNS
I've drawn a POTENTIAL cypher on the DAILY TF. Let me explain about this cypher as it may be controversial. This cypher, according to the rules of a cypher, is ONLY a cypher when looked at on the DAILY TF. On the DAILY chart, you can see that the B point clearly does not close below .618 retrace of the XA leg. But if you were to go to a lower TF, you will see that prices clearly do close below the .618 retrace of XA. So what gives?

This phenomenon does occur more often than you think. But here's my guideline on this: the higherr TF always has more importance than the lower TF. So in this instance, this cypher for me is valid.