Potential Bull Flag USDCAD
USDCAD could potentially be forming a bull flag. The area between 1.2970-1.3000 is important support for the pair on a weekly chart.
Looking for an upside break of the bull flag pattern for confirmation to position. If the psychological 1.3000 handle offers some resistance on an upside break, a pullback to around 1.2990 might offer a good entry point for a favorable risk to reward long position.
Looking for an upside break of the bull flag pattern for confirmation to position. If the psychological 1.3000 handle offers some resistance on an upside break, a pullback to around 1.2990 might offer a good entry point for a favorable risk to reward long position.
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