USD/CAD Short Term Idea by ThinkingAntsOk
🔸 4H CHART EXPLANATION:
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🔸 Price has been on a Descending Triangle for the last weeks.
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🔸 As we know, a Descending Triangle formed after a downtrend is a continuation pattern to the downside.
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🔸 It has broken the Support Zone, which means that the downside move can continue to the next Support Zone at 1.37500.
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🔸 Will look for a lower timeframe Bearish Setup.
WEEKLY CHART ANALYSIS:
🔸
.
🔸 Price has been on a Descending Triangle for the last weeks.
.
🔸 As we know, a Descending Triangle formed after a downtrend is a continuation pattern to the downside.
.
🔸 It has broken the Support Zone, which means that the downside move can continue to the next Support Zone at 1.37500.
.
🔸 Will look for a lower timeframe Bearish Setup.
WEEKLY CHART ANALYSIS:
🔸
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