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.
Nota
SL moved up to 1.35525, TP moved up to 1.31555 as the pattern continued developing.Trade ativo
Short position entered yesterday at 22:28 UTC with open price at 1.34655.Trade fechado: stop atingido
The trade hit its SL (1.35525) at 13:49 UTC today.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.