In 2017 January I called the breakdown of the giant flag in the USDCAD.
We have a similar situation here. After the previous flag breakdown - June 2017- price was trending in a channel. We had 2 false breakdowns from the channel. Before the last one price tried to recover above the 100 SMA three times but failed.
Now it seems we are just crawling on the 200 SMA and it's waiting for to break down from the flag.
We have a similar situation here. After the previous flag breakdown - June 2017- price was trending in a channel. We had 2 false breakdowns from the channel. Before the last one price tried to recover above the 100 SMA three times but failed.
Now it seems we are just crawling on the 200 SMA and it's waiting for to break down from the flag.
Trade closed manually:
I’m going to close this idea with a loss. I’m afraid the dollar will rally.
