There are potentially two patterns forming in USDCAD, bullish Bat and bullish Cypher.
Cypher will be completed at very interesting price level that worked as resistance earlier. Now that price has moved through that resistance we can assume that this level will be a new support level and price will test it before moving higher again.
More aggressive trader might want to play Bat pattern as well.
I´m looking for the opportunity to go long at least with the Cypher.
Cypher will be completed at very interesting price level that worked as resistance earlier. Now that price has moved through that resistance we can assume that this level will be a new support level and price will test it before moving higher again.
More aggressive trader might want to play Bat pattern as well.
I´m looking for the opportunity to go long at least with the Cypher.
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