USDCAD Sell strong breakout

Hi there, This pair is forming very nice flag. Watch the strong breakout for downside. In case price do not breakdown and change the flag and close above the impulsive wave then we will watch price action at the top for short. Trade with care we are having FOMC statement this week. We will analyse the breakout if breakout appears strong we will hold for the bigger flag breakout for further downside. Trade with care and use only that much risk which you can afford to lose. Dont Trade with that money which you cant afford to lose. Every Single trade is not a winning trade so use risk according to that.

Note

We are having change in pattern formation watch top for price action.

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Price did not close above the top and broken down so far we are in bearish trend. Watch for next short close to the trend line.

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Watch trend line break if breakdown watch for TCP under trend line. If dont break then buy and sell from top.

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Breakout is ahead

Wave-Trader

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