Trend channel short setup for the USDCAD

17 באוג׳ 2015

I am looking to enter a range trade within a possible new rising trend channel being formed. Intending to open multiple positions with the first TP point labeled on the chart. It is a fairly conservative and purely technical trade. It should play out because any meaningful breaks of the trendline are unlikely until the heavy news day for the CAD this coming Friday.