On the USDCAD we have a nice flag taking shape on the hourly timeframe. I'm not waiting for a closed candle below the trendline and enter from there. Target will be the 61.8% Fibonacci retracement. Target willbe 1.31850.
Beautiful trade setup, thank you for sharing your view. I have similar idea as well on this pair.
UnknownUnicorn816306
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So your not going to wait for it to break?
11021992
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@bohrer, Depends on what happens when we open in a few hours. We had a nice rejection off the 38.2% Fibonacci extension. But it's always safer to enter after the breakout :)