we followed the following guidelines
1-We have identified High at the peak of USDCAD pair, which may indicate market turn.
2- High both in lower and higher time frames. This condition usually causes consolidation channels
3- Having consolidation channels are fantastic to trade at channel frequencies. However, you shall not only depend on channel lines, but justify entries and exits by other means. Here we used, oil price movements, US Dollar index , other technical indicators like OB/OS, ABC , 1-5 waves,R&S zones along channel lines. We used multiple simple indicators like , as triggers along with thrust patterns at lower time frames.
Good luck & happy tradings