USD/CAD flag pattern; fundamental breakout expected
Really nice looking flag pattern on the 1H chart of USD/CAD.
Only problem is that those moves are mainly caused by high volatility fundamental moves, and they are difficult to catch.
Plus the fact that another big fundamental piece of news is about to be released within the next 3 hours (NFP).
Anyways, the technicals are there.
1.30 break , aim for 1.31 then.
Only problem is that those moves are mainly caused by high volatility fundamental moves, and they are difficult to catch.
Plus the fact that another big fundamental piece of news is about to be released within the next 3 hours (NFP).
Anyways, the technicals are there.
1.30 break , aim for 1.31 then.
Nota
NFP date came out with not so much volatility, but enough to push it to a fake breakout.Again, I would not have traded this, purely because of the volatility during a news event. This is just a potential setup based on purely technical analysis, sometimes they perfectly match up during news releases, sometimes not.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.