We have here a possible bear flag formation on the 4H time frame of USDCAD pair. An ascending channel or rising wedge formation ending with a bearish candlestick reversal pattern would confirm a possible short on this pair.
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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.