USDCAD Bullish Flag Pattern
Hi traders,
USDCAD is showing a classic bullish flag pattern, signaling that the uptrend is likely to continue! After a strong rally (the flagpole), the pair has entered a consolidation phase, forming a tight range between support and resistance. This setup is primed for a breakout to the upside.
💡 Key Levels:
TP1: 1.44960
TP2: 1.45706
TP3: 1.46614
Stop Loss: You can place your SL around 1.42831, just below the support level of the consolidation zone, to protect against false breakouts.
This is a high-potential setup with a great risk-to-reward ratio. Watch closely for the breakout, and let’s aim for those profits! 💰🚀
Trade smart, and good luck! 🔥
USDCAD is showing a classic bullish flag pattern, signaling that the uptrend is likely to continue! After a strong rally (the flagpole), the pair has entered a consolidation phase, forming a tight range between support and resistance. This setup is primed for a breakout to the upside.
💡 Key Levels:
TP1: 1.44960
TP2: 1.45706
TP3: 1.46614
Stop Loss: You can place your SL around 1.42831, just below the support level of the consolidation zone, to protect against false breakouts.
This is a high-potential setup with a great risk-to-reward ratio. Watch closely for the breakout, and let’s aim for those profits! 💰🚀
Trade smart, and good luck! 🔥
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
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Telegram Link: t.me/charts_M7M
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
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