USDCAD Bearish Flag Formation

Short

U.S. Dollar / Canadian Dollar (FX:USDCAD)

Updated

FX:USDCAD U.S. Dollar / Canadian Dollar

Trend Analysis Trend Lines Flag

trendanalysis trendline flagpattern

USDCAD consolidate on a upward channel in 240 minutes time frame. Price now in downtrend and this channel consider as flag. Either we can sell from the top of channel or wait for breakout the flag.

Happy Trading...!

Comment:

In Daily and Weekly we can see downtrend.

snapshot

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