USDCAD reached a resistance line of a major channel on a daily.
on 1H the price is forming a double top formation on its boundary.
to trade with a confirmation, wait for a 1H violation of 1.3216 minor support.
then short the pair.
target levels:
1.3186
1.315
in case of a new higher high formation, setup will be invalid
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✅Join My Telegram Channel: t.me/VasilyTrading
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Related publications
Disclaimer
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.