USD/CAD Descending Triangle with Bearish Pressure on the 4H Cht:
The USD/CAD 4-hour timeframe illustrates a well-formed descending triangle pattern, indicating continued bearish momentum. The pattern is defined by lower highs converging towards a flat support base near 1.37500–1.38000. The price has broken below the triangle, followed by a period of post-breakout consolidation, suggesting market indecision. Key resistance zones are highlighted above, serving as potential targets if a bullish reversal occurs.
Keep in mind that it is for Educational purpose Only.
Manage Risk Properly.
Keep in mind that it is for Educational purpose Only.
Manage Risk Properly.
Trade active
Active Trade Update:Price is currently consolidating near the 1.3800 zone after breaking out of the descending triangle pattern. No strong momentum has followed the breakout yet, indicating possible indecision or a build-up before the next move. Traders should watch for a clean break below 1.3750 for bearish continuation or a rejection and push above 1.3900 for a potential short-term reversal. Risk management remains key as volatility could increase.
This analysis is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. Always do your own research and use proper risk management before making trading decisions.
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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.