Fundamentals have been heavily influenced but regardless I'm seeing what looks like a desending triangle on the 4H. As always this pattern is a neutral pattern and can breakout to either side. Price has already broken below the support indicating a possible move to the downside so we should be seeing sells IF this is valid
Noticing a descending triangle chart pattern on the 4H timeframe for USDCAD. The descending triangle is a neutral pattern suggesting two scenarios but usually plays out on bearish scenarios.
Price had been giving us LHs and equal lows. Combined with the corelation with DXY we may see bearish movement. However, confirmation is key. A break below the support will...
