USDCAD SELL SETUP
USDCAD is both nearing the top of its major channel and currently trading in a local bearish flag pattern. We expect price to either reverse at the top of the major channel or break this local flag pattern and then head down towards the bottom of the major channel. TP's along the way at major support levels, SL just above the major channel.
We await breakout confirmation before entering.
We await breakout confirmation before entering.
Related publications
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.