bearish flag pattern - sell the breakout

Sep 13, 2018

hey traders,

on usd cad we see a sharp decline and a strong bear pressure.
Now as the market reached important structure level 1.297,
we see a slight retracement that brings as a nicely looking bearish flag pattern.
Basically, having a bearish bias, we are anticipating seeing a bearish continuation and
a breakout of a flag gives us a great signal for entry.

good luck!

Sep 13, 2018

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breakout

Sep 13, 2018

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market still cant violate the support

Sep 15, 2018

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test of 618