- Price holding at descending trendline support
- Immediate downside appears limited
- Corrective pullback in progress
A B-wave type bounce is possible from this zone, followed by further corrective development — while capped below 1.4834.
Loss of trendline support would open deeper corrective levels.
Structure-based view. Not a prediction.
#USDCAD #Forex #MarketStructure #PriceAction
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.