It goes without saying that a trendline is indeed the most powerful chart pattern. Trendlines are used in this analysis to explore what possible profitable opportunities (if any) are currently exploitable for the USDCAD using the Daily timeframe.
A dark blue bearish trend line as drawn here is valid as it connects at least 2 points. Same thing with price channel in green which helps capture the meandering price action of the USCAD from September 8, 2018 to Friday close last week (June 15, 2018).
A price label as placed on the chart clearly marks where the USDCAD, ….click here to continue reading.