Long

DESCENDING CHANNEL / LONG / USDCAD

Updated

Descending channel, corrective nature rejection from trend line would trigger the trade or break of pattern for a less risky trade. We will likely move up too HTF structure this giving us a longterm short position.

Trade active

Active since 1 hour retrace candle, just bear in mind that it might not break now so make sure yours stops are not too tight

Note

Locked in for some profit.

Note

We will look for continuation pattern / hover under structure for a second entry, price could reject from this point also we will see.

Note

Current analysis seems less likely to go up to the upside as of now, still very possible tho.

JoeMatkinFX

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