USDCAD descending triangle in Daily timeframe

Comment:

After previous analysis on 18 May market has been in descending P wave, potential support breakout as per below Ichimoku confirmation.

Ichimoku Breakout Analysis:

- Kumo (Senko span A) down and getting thicker
- Kijun sen down
- Chiko Span below candles

Next Scenario:

Price itself is below Tenkan Sen, showing bearishness. Market could be resisted by Tenkan Sen and descending trend line, and possibly break the support level as well as round number of 1.20000.