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Pipcoyote

USD/CAD 1D Short

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Pipcoyote Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Chart Patterns Flag Support and Resistance
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chartpattern flagpattern supportandresistance
Bearish flag breakout and retest @ level 1.3280
Comment:
After reached 2R (~70 pips in profit), I moved the SL to BE+2pips, this because in less than one hour (at 11am) there are two high important US news:
1) FOMC Statement
2) Federal Funds Rate
I tend to avoid news since they create volatility that can change the game from statistic to gambling.
Comment:
After the news, I closed half of the position at 3R.
I am leaving the other half running until 1.300.
Trade active:
Aiming to 1.3000
Trade closed manually:
Closed at 3.2R the other half position.
I figured that 1.3140 could be the measured objective for this flag pattern.
I'll keep an eye in case of a retracement to enter short and reach the 1.3000 level.
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