TradingView
TipTVFinance
Jun 1, 2016 1:07 PM

USD/CAD - Cypher pattern worked well 

U.S. DOLLAR / CANADIAN DOLLARICE

Description

The hourly chart did show a reversal in the pair from the Leg D (potential reversal zone) following which the prices rallied to 38.2% and 61.8% respectively.

Now we need a convincing break above 61.8% level as that would open doors for 1.3188 levels.

On the contrary, a break below smaller rising trend line (red) would reduce odds of a bullish move.
More