USDCAD has bounced off of a major resistance trendline within a bearish channel.
A double top has formed in such area of resistance, and price as confirmed the breakout of the support earlier today.
The best trade would of been a short entry near the retest of the trendline, but the safe trade would be anytime now since price broke the key support area of the double top pattern.
The way you can trade this pattern is to put your take profit at the same distance there is from the support of the pattern to the resistance of it.
Best of luck!
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A double top has formed in such area of resistance, and price as confirmed the breakout of the support earlier today.
The best trade would of been a short entry near the retest of the trendline, but the safe trade would be anytime now since price broke the key support area of the double top pattern.
The way you can trade this pattern is to put your take profit at the same distance there is from the support of the pattern to the resistance of it.
Best of luck!
Follow for more!