FX:USDCAD   U.S. Dollar / Canadian Dollar
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2
FOLLOW UP TO MY PREVIOUS USDCAD TRIANGLE PATTERN .
H4 PRICE REACHING 200SMA SUPPORT LINE.
PAY CAREFUL ATTENTION TO PRICE ACTION IN THE BOX.
I WILL WAIT FOR PRICE TO GO UNDER THE 200SMA AND THE BOX.
ENTER SELL UPON FAVOURABLE RETEST OF THE BOX.
I HAVE A BEARISH OUTLOOK AS W1 IS OVEREXTENDED.

NOTE: KEEP A LOOKOUT FOR RSI DIVERGENCE ON THE H4 AND D1.
BUYERS CAN OF COURSE USE THIS 200SMA AS A STRONG SUPPORT TO ENTER BUY.
BUT IM WITH THE BEARS...
BUT TAKE NOTE OF THE OBVIOUS DESCENDING TRIANGLE .

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