Get started
WaqasWasi

USDCAD - Bearish Flag - 29/04/2024

Short
U.S. Dollar / Canadian Dollar (EIGHTCAP:USDCAD)  
WaqasWasi  
EIGHTCAP:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns
3
1
trendanalysis harmonicpatterns chartpattern
USDCAD has been trading in a strong Bearish Trend. No divergence has been observed on the RSI on the 1 hour timeframe. A clear Bearish flag has been formed, indicating continuation of the Bearish Trend.

If the price breaks through the 1.36285 level, a Sell trade should be triggered as follows:

Trade Call: Short
Entry: 1.36285
SL: 1.36787
TP1: 1.35780
TP2: 1.35280
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.