USDCAD bottom of channel
USDCAD has almost reached bottom of 18 months long channel.
Channel is inclined upwards, with the possibility of a breakout and forming a bowl on weekly chart.
S/L and TP are being channel boundaries, here are targets
TP: 1.31189
SL: 1.24262
Current: 1.25783
In case prices reach upper bound of the channel, you may also look for a breakout instead of TP.
Channel is inclined upwards, with the possibility of a breakout and forming a bowl on weekly chart.
S/L and TP are being channel boundaries, here are targets
TP: 1.31189
SL: 1.24262
Current: 1.25783
In case prices reach upper bound of the channel, you may also look for a breakout instead of TP.
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