FX:USDCAD U.S. Dollar/Canadian Dollar
USDCAD is nearing the completion of an ascending channel. We may see a little more movement before wave "e" rallies to completion at the upper trendline. Place a sell after reversal on upper trendline and ride it down to the bottom in profit. Use your own proven strategies. Thanks for looking.
HI janne0536... I would wait until I saw price complete the wave at the upper trendline and give me confirmation of a trend reversal, such as a japanese candlestick reversal pattern, i.e, bearish engulfing pattern,etc, and then place a sell after that pattern has been completed. Place a reasonable stop (not a tight stop) above the upper trendline of the channel so as not to get stopped out. Use what works best for you, but for me, this is the best place to sell.