USDCAD Short
The USDCAD pair failed to post any bounce from the strong support in the 1.2960 and the latest consolidation looks like a flag pattern in the bearish trend. Thus, we would like to sell the possible breakdown and we are expecting a strong downward momentum, therefore only a tight stop loss will be used.
Note
Cancelling this setup now as it looks like the pair will indeed bounce from the marked support
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.