USD/CAD Channel Breakout

1 באוג׳ 2019

USD/CAD in a strong upward channel (purple lines) the yellow lines are just my alerts on the charts. Wait for a clear break and retest off of the channel walls and or the Quarter theory lines (blue horizontal lines). The green arrows are not precise zones where I expect the market to breakout, just examples of what I am looking for. This channel could continue for quite some time before breaking out so I recommend setting alerts just outside of the channel walls. Best of luck, happy trading.