TradingView
Cenotaph
Jun 29, 2016 4:25 AM

USDCAD buy at break out of pennant Long

U.S. Dollar/Canadian DollarFXCM

Description

General trend looks to be bullish, as indicated by the pitchfork drawn at the bottom. At this moment price action is forming a pennant and I'm expecting a break of this pennant to resume the up trend.

If it does, place a buy stop above the high and look for a TP around the 0.5 Fib level.

Order cancelled

Obviously no breakout here.
More