Possible short trade, expecting USDCAD to fall back to the lower channel line. Good risk to reward of 4.5:1. Stop is placed outside of the upper channel line, if stopped out would need to re-evaluate and possibly look for a long breakout trade.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.