FX:AUDCAD   Australian Dollar/Canadian Dollar
45 1 5
Minor channel support broken near top of major channel. Sell Stop pending at indicated levels. Bit of an "M" pattern reinforces confidence in the position.

If price re-enters the minor channel for continuation to major channel's resistance the position will be invalidated and we'll go back to the previous (tagged) set up.
Trade active: Got in at a slightly lower price. Will post chart with current position in comments.
Comment: Profit secured. SL moved down to .9826
Here's the chart for my current position as promised.
snapshot
+1 Reply
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