After a juicy catch of the up move, USDCAD has approached a confluence region (blue) of HTF resistance level and HTF trend line resistance.
A break and retest of the LTF ascending trend line approaching this resistance cluster increases the probability for more downside action.
Chart PatternsMultiple Time Frame AnalysisTrend AnalysisUSDCADusdcadanalysisusdcadforecastusdcadlongusdcadsellusdcadsetupusdcadshortusdcadsignal

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