Kishore

`USDCAD SUPPORT BREAKOUT

FX:USDCAD   U.S. Dollar/Canadian Dollar
257 5 10
MARKET ANALYSIS: The pair is trading inside a channel and now the market has broken the channel support. But there is major support line near the current market price. So once if the support breaks can expect a new lower lows.

Alternate scenario: If the market holds above the support level . We can expect a uptrend to the channel resistance level . So lets wait and see what the market does in the coming days. Cheer!
Trade active:
snapshot
Trade active:
snapshot
Trade closed: target reached
In this pair in sell as well as in buy sl must have been triggered. Am i correct KIshore?
Reply
Kishore PRO paulsubbureddy
Hello sir, We cant enter long until the channel support holds it. So we are in sell trend only. Can't go buy in this until it breaks channel and stays above it!
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tnks for clarifying.
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What would be the TP
+1 Reply
Kishore PRO tkarthi1
1.30000 long term target!
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