GBPCAD: How to Trade Flag Pattern
GBPCAD has reached a wide daily supply zone.
the price went rejected on Friday confirming the strength of the underlined structure.
on 1H the price dropped with a strong bearish impulse (flag pole) and currently is trading within a horizontal parallel channel (bearish flag pattern).
sell signal for us will be the bearish breakout (1H candle close below) of its support.
next goal will be 1.7485
safest stop is above the last flags high
good luck
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