The USD/CAD was in a powerful uptrend for a significant period of time…
But recently, the USD/CAD has shown signs of possibly turning to the downside…
Because there is SO much room to the downside caused by the uptrend…
It makes sense to zoom in and look for Bearish Entries…
On the 1 Hour Chart, there is a nice looking bear flag that we could take advantage of…
An entry would make sense if it breaks below the recent low…
Once again, a large target can be used because of the space created by the Uptrend…
And that’s how I’d trade the USD/CAD Bear Flag
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