Bearish Flag on USD/CAD @ D1
A bearish flag pattern has formed on the daily USD/CAD chart following a peak and reversal in its previous uptrend. The pole and the flag borders are shown with the yellow lines. The stop-loss level (the red line at 1.35296) is set to the highest point of the flag area. The take-profit level (the green line at 1.31309) is set to the pole's length subtracted from the stop-loss level. I will open this short position only if the currency pair closes significantly below the flag's lower border.
Note
SL moved up to 1.35525, TP moved up to 1.31555 as the pattern continued developing.Transaction en cours
Short position entered yesterday at 22:28 UTC with open price at 1.34655.Trade fermée: ordre d’arrêt atteint
The trade hit its SL (1.35525) at 13:49 UTC today.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.