glennmercer

USDCAD Long: Wave 3 Bull Flag

Long
glennmercer Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD has formed a bullflag potential continuation breakout. The APRR has broken a major bearish trendline as well, confirming potential continued bullish price action and providing an opportunity to get long toward wave 5 completion. SL is placed below recent lows with Target at the next S/R area.
Trade active
Trade closed: stop reached:
Stopped out of this one, -26p

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.