USD/CAD: Possible flag breakout, harmonics and fib targets

It's probably a good idea to wait if we can stay above the flag structure and trade the breakout out of consolidation but I'm already long with a small position... ;-)

If the breakout is confirmed I will add longs. Possible targets depicted as reference and based on the possible development of an AB=CD pattern and fib extensions and projections. SL below the 4H candle low and the 1.4500 level, wider SL should be placed a bit below the low inside the flag pattern.

Thanks to Anil Mangal for signalling the flag pattern (www.tradingview...DCAD-Bull-flag/?utm_source...)!

Zlecenie aktywne:

Closed the biggest part before the rate news to be sure, back at my entry now...

Transakcja zakończona: osiągnięto poziom stop:

Partial profits booked before the news!