Good Afternoon,
Identified a flag formation via USD/CAD, keep in mind this is a longer term trade, with that being said it requires patients. Expecting price action to rise near plotted resistance level above, then break down (this is a trend continuation trade). Expecting price impulse to be greater than or equal to poll of flag. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
Identified a flag formation via USD/CAD, keep in mind this is a longer term trade, with that being said it requires patients. Expecting price action to rise near plotted resistance level above, then break down (this is a trend continuation trade). Expecting price impulse to be greater than or equal to poll of flag. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
Trade closed: target reached
Trade closed: target reached:
TP 2 reached