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USDCAD: Channel Trading With Confirmation

Short
Dollar Américain / Dollar Canadien (FX:USDCAD)  
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FX:USDCAD   Dollar Américain / Dollar Canadien
Double Top or Bottom Parallel Channel Support and Resistance Forex canadiandollar DJ FXCM Index USD USD (US Dollar) USDCAD Currencies Technical Analysis
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doubletoporbottom parallelchannel supportandresistance forex canadiandollar usdollar usd usd-us-dollar usdcad currencies technicalanalysis
snapshot

USDCAD reached a resistance line of a major channel on a daily.

on 1H the price is forming a double top formation on its boundary.

to trade with a confirmation, wait for a 1H violation of 1.3216 minor support.

then short the pair.

target levels:
1.3186
1.315


in case of a new higher high formation, setup will be invalid
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