EURCAD Contracting Triangle inside the Ascending Channel

Observation:
- Price Action reach the dynamic resistance of a contracting triangle
- Consolidation process followed by a break up

Analysis:
Breaking triangle contraction, price action will either hit dynamic support (if go for short) or hit dynamic resistance (if go for long)

Comment:

we wait until price breaks triangle contraction, then place order for higher prediction rate.

Comment:

Just break the channel,

I need to construct another higher slop this time for a new channel

Trade closed: target reached