USDCAD is moving inside a bullish long term channel, but after every fake breakout there is a potential reverse, so I'm ready to sell if price creates a low high bouncing on channel top line.
Trade active
1st breakout confirmedNote
second breakout confirmed. main target to bottom line indicated by the arrowNote
Note
USDCAD possible structureNote
Price bounced on channel top line and now it's between ma 50 and ema 20. My short position is in little gain at the momentNote
good r/r position. +60 pips gain nowNote
flag brokenTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.