EverythingForex
Short

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.
snapshot
Subscribe for FREE Email Newsletters: http://bit.ly/2iNieEY
Dec 10th - 15th Indexes Newsletter: http://bit.ly/2iP3uFB
Performance Summary & Public Trade Log: http://bit.ly/29AeqnC
Want results like this? Subscribe here: http://bit.ly/29x4bfM
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out