USDCAD - Bearish Flag - 29/04/2024

USDCAD has been trading in a strong Bearish Trend. No divergence has been observed on the RSI on the 1 hour timeframe. A clear Bearish flag has been formed, indicating continuation of the Bearish Trend.

If the price breaks through the 1.36285 level, a Sell trade should be triggered as follows:

Trade Call: Short
Entry: 1.36285
SL: 1.36787
TP1: 1.35780
TP2: 1.35280