FullTimeTrader
Long

USDCAD next move - D1 and intraday

FX:USDCAD   U.S. Dollar/Canadian Dollar
252 0 2
After a monster rally this pair is in consolidation mode, lets make a topdown approach:
On D1 chart we have a flag pattern , wich suggests trend continuation:
snapshot

Last price actions shows a rebound of the low of triangle pattern forming an engulfing bearish candle. This make our main bias bullish .

Lets take a look a H4 chart:
snapshot

Price has started a series of HH (higher highs) and HL (higher lows)

I will enter the trade on H1 chart to have a best RR ratio, i wil open a trade making an agressive C buy of a potential bat pattern .

Best regards.
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