formation on usdcad .
the market has stopped setting new higher highs and shown a row of lower highs instead
in confluence with clear divergence.
our bias remains and on focus is the horizontal support of a triangle.
breaking below the support, market will confirm sentiment of its participants
and we can short the pair.
target levels will be 1.32 and 1.315
stop will be above the last lower high within a triangle
*Please, if you like my analysis, support this idea liking it and leaving a comment, thank you!:)
Please, analyze the price action from 16th
Market sets new higher high higher close while on rsi we have a lower high
For now I am passive observer :)