USD/CAD: Possible flag breakout, harmonics and fib targets
It's probably a good idea to wait if we can stay above the flag structure and trade the breakout out of consolidation but I'm already long with a small position... ;-)
If the breakout is confirmed I will add longs. Possible targets depicted as reference and based on the possible development of an AB=CD pattern and fib extensions and projections. SL below the 4H candle low and the 1.4500 level, wider SL should be placed a bit below the low inside the flag pattern.
Thanks to Anil Mangal for signalling the flag pattern (www.tradingview...DCAD-Bull-flag/?utm_source...)!
If the breakout is confirmed I will add longs. Possible targets depicted as reference and based on the possible development of an AB=CD pattern and fib extensions and projections. SL below the 4H candle low and the 1.4500 level, wider SL should be placed a bit below the low inside the flag pattern.
Thanks to Anil Mangal for signalling the flag pattern (www.tradingview...DCAD-Bull-flag/?utm_source...)!
İşlem aktif:
Closed the biggest part before the rate news to be sure, back at my entry now...
İşlem kapandı: durdurma seviyesi:
Partial profits booked before the news!
