USDCAD is trading within a major falling parallel channel.
The market is closer and closer to its resistance.
To catch the next bearish wave, watch a rising channel on 4H.
Its bearish violation will be a perfect confirmation to short the pair.
First goal will be 1.25
In case of a bullish breakout of a resistance line of a daily channel,
the market may go to higher structure levels
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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.