I setup the Andrew’s Pitchfork on the USD/CAD hourly chart. The downward trend indicates that it’s going down for a bit.
My question is that if the rate just touches the upward/downward barrier of the channel, should I consider that to be a break in the trend? I am concerned because if you look at the recent lateral move (in side the oval) it may seem like a break in the trend.
My question is that if the rate just touches the upward/downward barrier of the channel, should I consider that to be a break in the trend? I am concerned because if you look at the recent lateral move (in side the oval) it may seem like a break in the trend.