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Hugegore

USDCAD: Bearish Cypher Pattern

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Hugegore  
FX:USDCAD   U.S. Dollar / Canadian Dollar
usdcadlong Cypher
2
0
usdcadlong cypherpattern
This is a Cypher pattern completion trade. Price is trading side-ward and now retesting previous highs where we see some resistance.

Since the Risk-Reward ratio is less than 1 if enter at .786 (as I add 25 pips for cut loss at X-leg), you could wait for at least 1-1 ratio for an entry.

Any thoughts?
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