OANDA:USDCAD   U.S. Dollar / Canadian Dollar
My flag pattern strategy trade. Short trade on USDCAD .

Decent R:R of over 3.2:1 RR

TP and SL shown on the chart.
Trade active
Comment: Let me know your thoughts on pattern trading in the comments. Do you trade patterns and if so, which ones?
Trade closed manually: Taken out of this trade at breakeven. Went risk free after the big bearish momentum candle but it appears the days momentum reversed.
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Most times looking for patterns in the market for entry Head and shoulders inverted head and shoulders double tops and bottoms W patterns flags etc helps trading patterns
+2 Reply
@Tgon1, Nice! I sometimes use the H&S pattern as an extra confluence. It's a good one because it builds on the premise of the trend reversing.
+2 Reply
Tgon1 Charlieab94
@Charlieab94, yea for sure. Are you still active on usdcad trade ?
+2 Reply
@Tgon1, I am not mate. I was taken out of this trade at entry when it reversed.
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