Looking for a Potential Long in EURCAD if the lower support trendline of the channel holds. However if there is a clear break then look for shorting opportunities if there is impulse selling or if there is a retest of the lower trendline. BOC rate decision at 15:00 GMT could very well make or break this Ascending Channel. Happy trading :)
I agree, however my view is the lower low already happened
ForexPinnacle
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You could well be correct, that would certainly keep my ascending channel in tact. But at the moment I am going to keep a close eye on this pair, come 15:00 GMT is the BOC Rate Decision, so I might enter a position then.