Bearish Flag on USD/CAD @ D1

٨ أبريل ٢٠٢٣

A bearish flag pattern has formed on the daily USD/CAD chart following a peak and reversal in its previous uptrend. The pole and the flag borders are shown with the yellow lines. The stop-loss level (the red line at 1.35296) is set to the highest point of the flag area. The take-profit level (the green line at 1.31309) is set to the pole's length subtracted from the stop-loss level. I will open this short position only if the currency pair closes significantly below the flag's lower border.

١١ أبريل ٢٠٢٣

ملاحظة

SL moved up to 1.35525, TP moved up to 1.31555 as the pattern continued developing.

١٢ أبريل ٢٠٢٣

تم فتح الصفقة

Short position entered yesterday at 22:28 UTC with open price at 1.34655.

٢١ أبريل ٢٠٢٣

أغلقت الصفقة: تم الوصول لوقف الخسارة

The trade hit its SL (1.35525) at 13:49 UTC today.