a line chart doesnt lie when it comes to breakouts, prices either break or they dont which is why i like seeing breakouts with a line chart. we are currently seeing consolidation on usdcad and i am expecting bears to break this trendline and possibly even the channel. if all goes as planned i would like to see prices reach my blue dotted targets. no sl zone is provided since there is yet to be a breakout. lets see if bears put in some pressure.
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pending order about to trigger. i had placed below the last low.
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target 1 bout to hit. sl to break even if you got in at the top
David K Giraldo