Longing USD Cad on break out of short term channel and bounce of long term channel. is an aggressive entry because I bought before confirmation that the bearish channel was going to break. The market could bounce from the top trendline of bearish channel and retest the major bullish channel's lower trendline again. USD/CAD
For this trade I will be waiting for a retest of the lower trendline of this channel. I am expecting it to break and then come back into the channel. I am taking a conservative entry on this trade and entering after the bounce and after a strong bullish candle close.