This situations looks looks like it could produce a good breakout. Tomorrow morning, Tuesday, I'll be lLOOKING for a breakout to the topside of the yellow trend channel, THEN continuing up, maybe a short live break of the top blue line of the larger blue trend channel. WHEN this that whipsaw happens, I’m going to try to take a short position off the bounce-- as the price moves back down through those two top trend channel lines.
http://zozem.wordpress.com/files/2006/12/042-usdcad.JPG
http://zozem.wordpress.com/files/2006/12/042-usdcad.JPG