MattViv

USDCAD Flag Continuation Pattern

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
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The price has consolidated into a rectangular flag since Tuesday's 200 pip drop and we could now potentially see the price continue to move lower. If you take into account the upper blue trend line for the stop area the risk reward ratio is around 2 with the target, as the width of the the rectangle , 120 pips lower to around 1.3880.

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