USD/CAD pair is in an ascending channel formation in the 4-hour chart.
It is currently in its bearish leg- movement to supportive trend. And a flag pattern has formed within too.
Hence, we expect the pair to move to its supportive trendline, upon breaking the flag formation.
It is currently in its bearish leg- movement to supportive trend. And a flag pattern has formed within too.
Hence, we expect the pair to move to its supportive trendline, upon breaking the flag formation.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.