USD/CAD Bear flag 1 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Bear flag: Target hit
What this tells you
A sharp drop followed by a small bounce; a break below the consolidation usually means the downtrend resumes.
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Swing points
| Point | Time UTC+8 | Price |
|---|---|---|
| Pole base | Oct 22, 19:00 | 1.40440 |
| Pole bottom | Oct 23, 08:00 | 1.39970 |
| Bounce high | Oct 23, 16:00 | 1.40185 |
| Confirmation | Oct 23, 18:00 | 1.40010 |
Recently closed Bear flag patterns: 25 in total, 17 reached the target first (68%), 8 were invalidated and 0 expired. Results by pattern →
Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.
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