REPOST: USDCAD: 3 Bearish Patterns w/1 Completed + Bull Cypher

FX:USDCAD   U.S. Dollar/Canadian Dollar
Let's try this again....

So this pair has been just going up and going up and going up! And recently, it has even broken through a long standing resistance dating back 7 years ago! So why not think it's gonna keep going some more?

So what to do now? I've been bullish on this pair and even am calling for MUCH MORE upside to come! But wait....is it probable that some kind of retracement is forthcoming before it's continued rise? Yes, and that is what everybody seems to be looking for. So here's 3 bearish patterns that "bear" watching (sorry! couldn't help the pun!).

1. Bearish Butterfly - this one has already been filled and right now, as of this post, prices are testing the whole PRZ of this butterfly . Not uncommon since the butterfly is an extension pattern.
2. Bearish Bat (Blue)
3. Bearish Bat (Purple)

Oh, and lest I forget, here is the POTENTIAL bullish cypher pattern that may set up soon. It is on a 1HR TF so it is short term BUT if it does complete, that will bring prices back down below the MAJOR SR Structure levels. And on a DAILY chart , leave a nice pin bar to boot! Not that a pin bar alone is a strong bearish signal and shouldn't be taken as one on it's own, but it does hint at a change in sentiment and shouldn't be ignored.
MTD REAL Documented Results: over +1000 pips PROFITS!
Want more profitable forecasts like this? We have several more markets where we are predicting HUGE moves to come! Subscribe and get them! Go here. Get 50% off NOW!: http://bit.ly/2nJ0MoP
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out