USDCAD Bullish Flag Pattern
Hi traders,
USDCAD is showing a classic bullish flag pattern, signaling that the uptrend is likely to continue! After a strong rally (the flagpole), the pair has entered a consolidation phase, forming a tight range between support and resistance. This setup is primed for a breakout to the upside.
💡 Key Levels:
TP1: 1.44960
TP2: 1.45706
TP3: 1.46614
Stop Loss: You can place your SL around 1.42831, just below the support level of the consolidation zone, to protect against false breakouts.
This is a high-potential setup with a great risk-to-reward ratio. Watch closely for the breakout, and let’s aim for those profits! 💰🚀
Trade smart, and good luck! 🔥
USDCAD is showing a classic bullish flag pattern, signaling that the uptrend is likely to continue! After a strong rally (the flagpole), the pair has entered a consolidation phase, forming a tight range between support and resistance. This setup is primed for a breakout to the upside.
💡 Key Levels:
TP1: 1.44960
TP2: 1.45706
TP3: 1.46614
Stop Loss: You can place your SL around 1.42831, just below the support level of the consolidation zone, to protect against false breakouts.
This is a high-potential setup with a great risk-to-reward ratio. Watch closely for the breakout, and let’s aim for those profits! 💰🚀
Trade smart, and good luck! 🔥
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
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.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
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.