USDCAD: Intraday Bearish Outlook Explained 🇺🇸🇨🇦
Updated
https://www.tradingview.com/x/4sEqXSrI/
USDCAD is trading in a falling parallel channel on an hourly time frame.
I also spotted a descending triangle formation within.
The violation of a horizontal neckline of a triangle is a strong intraday bearish confirmation.
The price will most likely keep falling.
Goals: 1.3630 / 1.3615
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USDCAD is trading in a falling parallel channel on an hourly time frame.
I also spotted a descending triangle formation within.
The violation of a horizontal neckline of a triangle is a strong intraday bearish confirmation.
The price will most likely keep falling.
Goals: 1.3630 / 1.3615
❤️Please, support my work with like, thank you!❤️
Note
After the market reached the first target,the price bounced and violated a resistance of the channel, invalidating a trading setup
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