USDCAD SELL SETUP

Hi traders:

Here we have a potential sell setup developing on USDCAD. As we look at the 4 hr chart forming another potential bearish flag pattern, could see a break out down to the lows of 1.3000.

On the higher time frames we can see similar price action forming. Daily chart is also dropping and forming some consolidations before the next bearish move to the down side.

Thank you for your support and feedback.

Comment:

Here is the daily chart:

Wait for the price action to have a clear breakout before entering. We can see some more consolidations on the intraday charts before the move down.

Comment:

Entered at breakout.

Trade closed: target reached:

TP 2 hit for 3.67% profit!