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USDCAD: Channel Trading With Confirmation

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
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FX:USDCAD   U.S. Dollar / Canadian Dollar
Double Top or Bottom Parallel Channel Support and Resistance Forex canadiandollar DJ FXCM Index USD USD (US Dollar) USDCAD Currencies Technical Analysis
30
12
doubletoporbottom parallelchannel supportandresistance forex canadiandollar usdollar usd usd-us-dollar usdcad currencies technicalanalysis
snapshot

USDCAD reached a resistance line of a major channel on a daily.

on 1H the price is forming a double top formation on its boundary.

to trade with a confirmation, wait for a 1H violation of 1.3216 minor support.

then short the pair.

target levels:
1.3186
1.315


in case of a new higher high formation, setup will be invalid
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