laneyforex

USDCAD 4hr Cypher pattern

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Here we have a nice little 4HR double top right along a broken daily ascending trend line as well as the daily 78.6% bearish fib acting as resistance. Seems to be forming a Cypher harmonic pattern with a risk to reward of 1:3.6. If this pattern completes then we could well see a continuation of price down to 1.28500 for a swing trade

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