DislikedHi,
after rereading I tried it again. The trade GBPUSD worked fine but USDCAD didn't succeed. I'm pleased about any explanation.
Attachment
The yellow lines show up how I decided to enter the trades.
GBPUSD = + 37,6 pip
USDCAD = - 20,0 pip
Ignored
Hi there.... IMHO.... the price was consolidating at higher levels within the channel.... Bear in mind that the price was meeting R2 resistance line. Look at the channel ... whether it is uptrending, downtrending or moving sideways... It gives you a clue on what to expect next...
Price was moving sideways and within the channel...a no trade zone. For a sustained breakout, price should stay and remain above the uptrend channel ie the higher channel.
It tried to move up but unable to do so and back into a channel - a no-trade zone.
Just my humble opinion.
Cheers !