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USD/CAD flag pattern; fundamental breakout expected

99
Really nice looking flag pattern on the 1H chart of USD/CAD.
Only problem is that those moves are mainly caused by high volatility fundamental moves, and they are difficult to catch.
Plus the fact that another big fundamental piece of news is about to be released within the next 3 hours (NFP).

Anyways, the technicals are there.

1.30 break , aim for 1.31 then.
Not
NFP date came out with not so much volatility, but enough to push it to a fake breakout.

Again, I would not have traded this, purely because of the volatility during a news event. This is just a potential setup based on purely technical analysis, sometimes they perfectly match up during news releases, sometimes not.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.