mahlabaforex

Usdcad forms a flag pattern

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD has been in a consolidation stage for a little bit longer time, and it looks like it forms a flag pattern. I see an impulse going into a flat consolidation market, hence I will used a wave pattern to determine my entry level and on the fifth wave pattern (e), I have a long setup and I will long at this level. My tp at 1.31655 and sl 1.27281
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