Have my weekend analysis for USD/CAD , I have taken this trade and am currently holding it over the weekend.
My reasoning for the short is that the price has broken out of a flag which is in the middle of a higher timeframe . We may see a retest on this lower of the flag and then a continuation back to the downside.
We will be targeting the lower with my personal stop loss just above the upper of the flag.
Hope you liked my analysis and I would appreciate some feedback and what your thinking.
(UltraFX) am not providing any signals or any financial information, I am merely providing my thoughts. Any user using this information uses it at their own risk.