Day: February 5, 2012

USD/CAD H4 — Descending Channel Pattern

The two recent EUR/USD H4 descending channel patterns were rather successful for me. The USD/JPY D1 horizontal channel pattern is still in an active trade phase. Today, it’s time to look at the new channel pattern — the descending one on the USD/CAD H4 chart. It has enough lower and upper border touches and is also long enough (3 weeks) to be considered a probable pattern for trading. The channel is 144 pips […]