Alex_BPTrader

USDCAD - TCT & Counter Trend Opportunities

FX:USDCAD   U.S. Dollar/Canadian Dollar
While waiting for an entry for the counter trend opportunity, market presents a potential trend opportunity on USDCAD            
We have a potential Cypher Pattern - it is nice way to enter long and retesting the high with stop below previous major structure level.
If price doesn't fall, I'll be looking for the counter play - we have a fib cluster right in our potential reversal zone.
It would be best if we can enter on the trend opportunity and ride it towards our potential reversal zone and the enter short.
Both opportunities present really nice risk/reward ratio.
-Alex
Professional Currency Trader & Mentor
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