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ThinkingAntsOk
Sep 23, 2020 12:05 PM

USD/CAD Channel Breakout / Top-Down Analysis Long

U.S. Dollar/Canadian DollarFXCM

Description

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🔸4H CHART EXPLANATION:
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🔸Price bounced at the Daily Support Zone.
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🔸It has broken the Descending Channel.
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🔸We consider that this pair has potential to make an upside move towards the Resistance Zone.
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🔸 Will look for a lower timeframe bullish setup.

🔸DAILY CHART ANALYSIS:

Comments
LearningForex
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would it pull back or its still okay to enter here?
ThinkingAntsOk
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@LearningForex, now I would wait for a corrective move. The right place to enter was the pullback after the breakout of the Descending Trendline.
LearningForex
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@ThinkingAntsOk, i see. thanks
LongBreak
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time to drop .. sell
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