USDCAD Bearish Wedge Part 2

Nov 20, 2018

Previous trade was a perfect one, took risked some profit with the second 50% position to trail stop for an ever bigger drop but those got hit. Now from the looks of it we might have a bear flag now, but not convinced yet so i am going in with half a position here and will wait for a break of the yellow zone to get in with the second part. Still a chance for a big drop for the mid-term


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Previous analysis:

Nov 20, 2018

Note

That was a very quick loss :( good for only entering half.
It is again a big resistance now so there is a very decent chance it might down again, but i traded the bear flag in this case, so rather just wait and see first what happens. This bounce up should not have happened, so could be something else is going on now.