Charlieab94
Short

USDCAD Short Trade *CB FLAG PATTERN*

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.
For more technical analysis and FREE trading education, please check out my blog site https://diaryofafinancekid.com

Comments

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.
Reply
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