USD/CAD about to continue the Downside Move by ThinkingAntsOk
🔸4H CHART EXPLANATION:
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🔸 Price bounced at the Daily Resistance Zone.
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🔸 After that, it broke the Ascending Trendline.
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🔸 Now, it is on a corrective move that can be clearly appreciated on the 4H chart.
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🔸 We will look for a lower timeframe bearish setup in case the breakout of the structure happens.
🔸DAILY CHART ANALYSIS:
.
🔸 Price bounced at the Daily Resistance Zone.
.
🔸 After that, it broke the Ascending Trendline.
.
🔸 Now, it is on a corrective move that can be clearly appreciated on the 4H chart.
.
🔸 We will look for a lower timeframe bearish setup in case the breakout of the structure happens.
🔸DAILY CHART ANALYSIS:
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