If the breakout is confirmed I will add longs. Possible targets depicted as reference and based on the possible development of an pattern and fib extensions and projections. SL below the 4H candle low and the 1.4500 level, wider SL should be placed a bit below the low inside the .
Thanks to Anil Mangal for signalling the flag pattern (https://www.tradingview.com/chart/USDCAD/sU7TzPUo-USDCAD-Bull-flag/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish)!
If we count the spike as a re-test of the broken flag structure then indeed it might be opportune to look for more longs but I am waiting for more confirmation now.
I still think we will continue up but I'll wait for a new setup to add!
A word of advice: Please don't base trades on any idea's that are not yours, that's very dangerous imo... You should first of all trade based on your own idea and use this platform and the posts of it's contributors for inspiration only.
Please note that I still consider myself as a newbie and am posting my idea's mainly for myself, as in a trade diary and they are, as such, not to be used as trade advice or trade calls for anyone other than myself.
Cheers, good luck in trading and thanks for your attention and reactions!