aslamhammad
Long

USD/CAD H1 bull flag

FX:USDCAD   U.S. Dollar / Canadian Dollar
47 0 1
Well in the h1 chart of USD/CAD             we have a bull flag ....But for the price to continue higher, we need a break above the bull flag above 1.3210, in that scenario, i would expect price to go upto 1.3300. As they say Oil             prices going lower, hence i assume there is a possibility of better than expected non-farm employment change data from U.S today+ that would also signal the rate hike or rate cut in September by Feds.....If Primary support 1.3100 fails to hold, hence we can expect a slight drop upto 50% Fib area 1.3036 area....So, can try to use a pending short below 1.3100 that however i would call a lucky trade :p.....But than again, as we're currently stuck in a bull flag , i expect price to go up again....
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