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Pumptruck2
Jun 22, 2018 10:31 PM

USDCAD Bear Flag Short

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD is in a bear flag similar to the on it was in in 2016-2017. Today the stops were run from traders who were shorting the top of the current flag. Afterwards we saw a very strong revesal back down which indicates the initial spike was a stop run. After clossing back inside the bear flag we should see a very large sell off begin similar to 2017. I am short with stops at 1.34 and very optimistic targets. Good Luck.
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