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t_ford
Aug 1, 2019 3:55 PM

USD/CAD Channel Breakout 

U.S. Dollar/Canadian DollarFXCM

Description

USD/CAD in a strong upward channel (purple lines) the yellow lines are just my alerts on the charts. Wait for a clear break and retest off of the channel walls and or the Quarter theory lines (blue horizontal lines). The green arrows are not precise zones where I expect the market to breakout, just examples of what I am looking for. This channel could continue for quite some time before breaking out so I recommend setting alerts just outside of the channel walls. Best of luck, happy trading.
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