sunnyk
Short

channel breakdown USDCAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
46 3 1
Setup ~ channel on 4 hour chart nested inside a downwards channel
Trigger ~ break of channel edge at 1.30623

entry ~ short 1.30623
stop ~ 156 pips
targets ~ 156, 312, 468
trade closed with a loss of 0.35% of capital by auto trail on stops.
i typically allocate 1% of trading capital per trade.
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trade has been triggered ... overall a similar play as UsdNok .. where i closed my positions
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this setup is close to triggering to the short side - fyi, i am currently in a short USDNOK trade aswell.

NOK and CAD are both proxies of Oil and these then being similar trades - I am positioning 1/2 my usual trade size on USDCAD
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