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USDCAD: Intraday Bearish Outlook Explained đŸ‡ș🇾🇹🇩

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USA-dollar/Kanadensisk dollar (OANDA:USDCAD)  
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OANDA:USDCAD   USA-dollar/Kanadensisk dollar
Triangle Parallel Channel Trend Lines USDCAD priceaction priceactiontrading priceactionanalysis priceactiontrader priceactionstrategy Contains image
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triangle parallelchannel trendline usdcad priceaction priceactiontrading priceactionanalysis priceactiontrader priceactionstrategy containsimage
snapshot

USDCAD is trading in a falling parallel channel on an hourly time frame.
I also spotted a descending triangle formation within.

The violation of a horizontal neckline of a triangle is a strong intraday bearish confirmation.

The price will most likely keep falling.
Goals: 1.3630 / 1.3615

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Kommentera:
After the market reached the first target,
the price bounced and violated a resistance of the channel, invalidating a trading setup
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