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amanshu-kataria

USDCAD IN ASCENDING PARALLEL CHANNEL

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
amanshu-kataria  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Trend Lines Parallel Channel
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supportandresistance trendline parallelchannel
USD-CAD is in a parallel ascending channel since 19th July. It's very much respecting the support and resistance lines. Once again it's touching the resistance line. I'll wait for it to test the price around the resistance level and then probably get into the position once the RSI and Stochastic for 1h and 2h are oversold or go up.

Stop Loss: 1.32337 (I've kept it a bit above last high in the channel.)

Take Profit 1 : 1.30279
Take Profit 2 : 1.29465
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