DESCENDING CHANNEL / LONG / USDCAD

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Descending channel, corrective nature rejection from trend line would trigger the trade or break of pattern for a less risky trade. We will likely move up too HTF structure this giving us a longterm short position.

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تم فتح الصفقة

Active since 1 hour retrace candle, just bear in mind that it might not break now so make sure yours stops are not too tight

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ملاحظة

Locked in for some profit.

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ملاحظة

We will look for continuation pattern / hover under structure for a second entry, price could reject from this point also we will see.

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ملاحظة

Current analysis seems less likely to go up to the upside as of now, still very possible tho.