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Fxprotrader
Feb 3, 2016 11:12 AM

USDCAD Pending Bullish Cypher To End Pullback 

U.S. Dollar/Canadian DollarFXCM

Description

In a previous post which you can find in the link below we discussed about the scenario of price breaking this consolidation with MACD divergence adding to this. Finally price broke this structure and it's now pulling back. A pending bullish cypher pattern is about to complete which will probably push price higher and end this correction after the breakout.

Stoploss and profit targets as shown at the chart. If price reaches the first target we move stoploss at the second to breakeven.

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Comments
wwalker
thanks for your chart. wwalker@Iglou.com
Fxprotrader
You are welcome..
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