USDCAD 240 Short – RSI and PA breaks

Good breaks in RSI and PA trendlines. We are in a wide channel since 12 July 2019, and although it did not hit the top of the channel a downturn may occur.

Here it is on the 1D showing a resistance trendline, and where my TP comes from.

Trade active

Trade closed: stop reached:

….that’ll teach me to ignore US housing starts….