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cccpKGB1

USDCAD - Channel Breakdown Swing Trade Opportunity

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
cccpKGB1 Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Trend Lines Parallel Channel USDCAD CAD USD
6
1
supportandresistance trendline parallelchannel usdcad cad usd
USDCAD - Price broke below long term ascending channel on the daily chart. Since then price has retested channel support turned resistance twice and was rejected. Price looks like it just starting to break down.

Will post a 1 hour chart in the comments showing price retesting the larger channel within a smaller channel.



Comment:
1 Hour Chart Showing price break down after second retest.

snapshot
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