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AndriyMoraru

Ascending Channel on USD/CAD @ H4

Short
U.S. Dollar / Canadian Dollar (FX_IDC:USDCAD)  
AndriyMoraru Updated   
FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
Ascending Channel breakout Chart Patterns
4
0
ascendingchannel breakout chartpattern
This ascending channel on the H4 chart of USD/CAD presents an opportunity for a bearish breakout trade. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the high of the breakout bar (not shown on the chart).
Trade closed: target reached:
The pair has fell through entry and TP levels quite fast with an open at 1.32093 and close at 1.30851 during June 27-28.
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