Usdcad forms a flag pattern

4 May 2018

USDCAD has been in a consolidation stage for a little bit longer time, and it looks like it forms a flag pattern. I see an impulse going into a flat consolidation market, hence I will used a wave pattern to determine my entry level and on the fifth wave pattern (e), I have a long setup and I will long at this level. My tp at 1.31655 and sl 1.27281