USDCAD - 2H - Cypher at previous structure

10 Mei 2016

We recently broke out of a downward channel. only to come up retesting the most recent big structure level with a cypher pattern formation. since we broke the channel to the upside, i wanted to wait for some confirmation in that area before goin short. and it seems that (after consolidating over night on the 15m) now the breakout to the downside starts to happen. we still need to be a little more patient tho. the next minute will show

10 Mei 2016

Catatan

here the 15m for reference. i still wanna wait a bit. im not in a hurry since i wanna catch the bigger move

12 Mei 2016

Catatan

38.2 retracement hit. i took most of the profits. also because news in 10minutes. still have a small part for a bigger move.