Fxprotrader

USDCAD Bullish Cypher Completion at Slide Parallel

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Price has retraced to the slide parallel of an upsloping median line where we have the completion of a bullish cypher pattern. We may see that at the slide parallel price has been rejected twice in the past so most likely this pattern will work great and we may see price jumping from D point. If you can't afford placing sl below X point, watch for a buy setup at a lower timeframe
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