Forex

USD/CAD Bullish Channel in Progress

February 21, 2018

1 min read

tarantula fx

Head of Trading

Market research & company updates. No spam, we promise.

The USD/CAD has broken the POC to the upside, and the bullish channel still holds. 1.2640-55 is the POC zone and further appreciation of the pair might happen if 1.2673 breaks to the upside.

The price is rejecting the POC and at this point, it looks like it could break the bullish channel too. Watch for possible closes above D H3 – 1.2673 and a continuation towards 1.2699 and 1.2741 if D H4 breaks. However, break below D L3 -1.2622 might target 1.2575 the confluence of ATR/W H1 Pivot.

bounce break breakout cammacd chart pattern Fibonacci fibs forex forex fibonacci forex setups forex trade forex trade setups fx fx setups FX trade fx trade setups GBP/USD gbpusd MACD nenad kerkez price action patterns price patterns S&R setup support and resistance tarantula technical analysis trade setups trades trading trend lines triangle wave analysis zigzag