DAVID_GIRALDO

usdcad sell the breakout line chart v

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
5
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.
Comment:
pending order about to trigger. i had placed below the last low.
Trade active
Comment:
target 1 bout to hit. sl to break even if you got in at the top

David K Giraldo
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.