U.S. Dollar / Canadian Dollar

Short

USDCAD will bounce soon

Updated

USDCAD is moving inside a bullish long term channel, but after every fake breakout there is a potential reverse, so I'm ready to sell if price creates a low high bouncing on channel top line.

Trade active

1st breakout confirmed

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second breakout confirmed. main target to bottom line indicated by the arrow

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snapshot

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USDCAD possible structure

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Price bounced on channel top line and now it's between ma 50 and ema 20. My short position is in little gain at the moment

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good r/r position. +60 pips gain now

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flag broken

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Trade closed: target reached

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