USDCAD Descending triangle pattern breakdown ahead

7 mag

USDCAD – Descending Triangle Breakdown Setup (2H Timeframe)

Pair showing clear bearish momentum as it approaches a descending triangle breakdown.

Entry Level: 1.37900
Second Retracement (Optional Add/Sell): 1.38000

Technical Targets:📌
# 🎯Target 1: 1.37500
# 🎯Target 2: 1.36500
#🎯Target 3: 1.36300
#🎯Target 4: 1.36100

Analysis:
Price is compressing beneath descending resistance, with lower highs indicating strong selling pressure. A clean break below support confirms bearish continuation.

Watch for volume confirmation on breakdown. Trade safe and manage risk.

7 mag

Trade attivo

USDCAD Trade Update – Short Active

Trade is now active with the second entry level (1.38000) touched.
Currently holding short positions and watching the technical targets unfold.

Targets remain:📌
🎯• #1.37500
🎯• #1.36500
🎯• #1.36300
🎯• #1.36100

Descending triangle breakdown still in play on the 2H chart. Momentum favoring the bears—monitoring price action closely.

Stay disciplined, manage risk.

3 giorni fa

Ordine annullato