USDCAD is nearing the top of a flag pattern where we expect it to meet resistance before making it's way back down.
Traders should be on the lookout for:
1. A break below the current yellow trendline
or
2. a bounce off the top of the flag pattern lower.
For short entry points.
*A breakout above the flag pattern would make this short setup invalid.
Traders should be on the lookout for:
1. A break below the current yellow trendline
or
2. a bounce off the top of the flag pattern lower.
For short entry points.
*A breakout above the flag pattern would make this short setup invalid.
