USDCAD 30M CHART PATTERN

17 apr

This chart shows a technical analysis setup for the USD/CAD pair on the 30-minute timeframe.

Key Elements:

Descending Channel: The price is in a downtrend, forming lower highs and lower lows within a clearly defined downward channel.

Double Bottom Pattern (Orange Circle): Suggests a potential bullish reversal, but not confirmed unless the neckline is broken.

Stop Loss Level: Marked just above the recent lower high within the channel—logical risk management in case the trend reverses.

Take Profit Zone: Located at a horizontal support level, where price has previously

17 apr

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