Fx_Trader_ViSa

USDCAD Trading in Descending Triangle Pattern

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD is trading at top and it is forming a descending triangle pattern which is sign for trend reversal if it breaks from the descending triangle pattern we may see further down side in USDCAD but as up trend was strong in USDCAD it may consolidate in channel for while one can trade on triangle breakout for downside or can trade for very short profit booking

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Comments

on the 15m, I thought it would probably go up again based on recent historical data
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Fx_Trader_ViSa Trading-Guru
@Trading-Guru, Pair on downside now
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