albert.callisto

USDCAD - Down in a clean channel

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
3
The pair evolves in a relatively clean downtrend channel. Lagging span below prices, Kijun was broken, heading towards Tenkan. Wait for break of Tenkan before selling and profit is set at demand zone area. Note how the price bounced on the various Fibo levels of the channel during the recent oscillations (for example, blue ellipses)

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