USDCAD has given a good breakout from falling trendline from its top. Now it is trading in channel pattern, as you can see in the chart. Within the channel pattern, it is forming head and shoulder pattern, which is a trend reversal pattern, so we might think it will show downside after breaking the neckline of the head and shoulder pattern. Its target on the downside is a support line for channel pattern.

If You Like Idea Do Follow/Comment/Like For Quick Update as Time Is Money.
Note – Trade With Proper Risk Management System

Thanks

Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.