USDCAD ANALYSIS 2.0

🚨 Trade Alert: USDCAD Bearish Flag Formation 🚨

We have identified a bearish setup in USDCAD, characterized by the following:

Bearish Flag Pattern: Indicates a continuation of the downtrend.
No Bullish Divergence: Supporting the continuation of the bearish trend.
Entry Point:

Short: At the current market price (CMP)
Target Prices (TP):

TP 1: [Specify target price based on 1:1 risk-reward ratio]
TP 2: [Specify target price based on 1:2 risk-reward ratio]
Stop Loss (SL):

SL: At the recent high or the pole breakout level to manage risk
Trade Summary:

Short: At CMP
TP 1: [Target price based on 1:1 risk-reward ratio]
TP 2: [Target price based on 1:2 risk-reward ratio]
SL: At the recent high or pole breakout level
Trade Type: Short Swing 📉

Good Luck! 🍀

Stay informed and trade smart! 📊