descending triangle formation on usdcad.
the market has stopped setting new higher highs and shown a row of lower highs instead
in confluence with clear rsi divergence.
our bias remains bearish and on focus is the horizontal support of a triangle.
breaking below the support, market will confirm bearish sentiment of its participants
and we can short the pair.
target levels will be 1.32 and 1.315
stop will be above the last lower high within a triangle
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.