Descending Channel on USD/CAD @ D1
The descending channel pattern on the daily chart of USD/CAD can be a good idea to trade a bullish breakout. The channel's borders are marked with the yellow lines. The potential entry level is shown with the cyan line. The potential take-profit level is marked with the green line. I will set my stop-loss to the low of the breakout bar (not shown on the chart). Bearish breakouts will be ignored.
More information, an MT4 chart template, and free tools to trade this pattern can be found on earnforex.com/blog/usdcad-in-descending-channel-since-january-2016/
More information, an MT4 chart template, and free tools to trade this pattern can be found on earnforex.com/blog/usdcad-in-descending-channel-since-january-2016/
Trade ativo
Entered trade yesterday at 12:58 UTC @ 1.28095. SL = 1.2696.3. TP = 1.32614 (will be going down).Trade fechado: objetivo atingido
TP @ 1.30400 reached today at 00:44 UTC.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.