a line chart doesnt lie when it comes to breakouts, prices either break or they dont which is why i like seeing breakouts with a line chart. we are currently seeing consolidation on usdcad
and i am expecting bears to break this trendline
and possibly even the channel. if all goes as planned i would like to see prices reach my blue dotted targets. no sl zone is provided since there is yet to be a breakout. lets see if bears put in some pressure.