Rebound from upper band of bearish channel

By Comparic
USD/CAD – after yesterday’s rise, demand is clearly beginning to weaken. H1 chart shows very narrow consolidation. It takes place at top edge of descending channel. The wider trend is also bearish, so bears can make use of such large correction. In this context, you might want to consider short position.
Descending Channelusdcadshort
Comparic
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