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Daily Forex Chart Art - Nov. 19, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD/CAD: 1-hour Breakout alert! USD/CAD looks like it’s breaking below a rising channel, as price has started to drop below the 1.3300 major psychological handle. What’s interesting about the setup is that it also looks like it’s breaking below the 100 and 200 SMA support on the 1-hour time frame. Are we seeing the start of a downside breakout for the pair or are we about to see a fakeout in the making? Read up on trading breakouts if you haven’t tried trading them yet. If you think that price

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