Potential Bearish Cypher in USDCAD

There is a potential Bearish Cypher in USDCAD completing at 1.3508. Stop is above X, and in this particular case I would set it above the previous structure. This time I will use one target at the 61.8 which gives us a little better than 1:1 risk-reward.

Ordre annulé:

The price action extended and closed beyond the 1.414 so the pattern is invalid.